Ethiopia’s Council of Ministers, approved a set of policy decisions on Tuesday covering customs reform, investment incentives, and entrepreneurship development.
During its 52nd regular session, the Council discussed a draft amendment to the Customs Proclamation, citing the need to update long-standing rules to match changes in international trade. The Office of the Prime Minister said the revision is intended to support Ethiopia’s growing manufacturing sector, promote legal trade, and encourage investment. The Council unanimously agreed to forward the draft amendment to the House of Peoples’ Representatives for consideration.
The Council then reviewed a draft regulation on tax and customs duty incentives for investment, which introduces a performance-based incentive framework that factors in capital utilization and prioritizes sectors seen as important to national growth or requiring significant capital outlays. After adding inputs, ministers approved the regulation and said it will take effect upon publication in the Federal Negarit Gazette.
In a third decision, the Council considered a draft entrepreneurship development policy aimed at sustaining entrepreneurship activities in line with national development objectives. The policy is designed to strengthen the broader entrepreneurship ecosystem by encouraging innovation, value addition, and an entrepreneurial culture. Following revisions, the Council approved the policy and declared it effective as of January 20, 2026, the date of endorsement.
Source: Ethiopian News Agency
