Ethiopia Issues First Ever Financial License to Foreign-Owned Entity
The National Bank of Ethiopia (NBE) issued a license to Ethio Lease. This makes Ethio Lease the first foreign-owned entity to obtain a license for financial services in Ethiopia.
Ethiopia Issues Licenses for 130 Investment Projects
The Ethiopian Investment Commission announced that it has issued licenses for 130 investment projects worth 20.2 billion Birr capital in the first quarter of this fiscal year.
Ethiopia Issues Mineral Exploration, Production Licenses to 12 Companies
Ethiopia's Ministry of Mines and Petroleum has issued mineral exploration and production licenses to 12 companies. The companies have a combined capital of $11.17 million (402 million birr).
Ethiopia Issues Personal Data Protection Bill
The Ethiopian House of Representatives has taken a significant step towards safeguarding personal data with the endorsement of the Personal Data Protection Bill. The bill was reviewed and approved during the 20th regular meeting of the 3rd parliamentary session, with one objection and a majority vote.
Ethiopia Issues Request for Proposal for Partial Privatization of Ethio Telecom
The Ethiopian government has issued a Request for Proposal (RFP) for the partial privatization of Ethio Telecom, Ethiopia's state-owned and so far sole telecom services provider. The RFP is extended to all interested parties "who can add value to the company by bringing in best practices in terms of operations, infrastructure management and next-generation technological capabilities."
