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Ethiopian Investment Commission to revise investment law regime

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Addis Ababa, January 12, 2019 (FBC) -Ethiopian Investment Commission (EIC) has launched an initiative to revise Ethiopia’s investment law regime.

Abebe Abebayehu, Commissioner of EIC said on his Twitter page that the revision aims to achieve the following key objectives:

  • -modernize the investment regulatory and administrative framework,
  • align the investment legal regime with recent changes in economic policy priorities,
  • consolidate protracted rules and regulations on investment
  • consolidate and rationalize the investment incentives regime
  • revisit investment areas open to the private sector
  • adopt best practices for efficient investment administration/service provision, including One-Stop-Services and
  • devise a faster and more transparent investor grievance handling mechanism