Businesses in Ethiopia will no longer be required to present minimum capital statements in order to be registered, if a proclamation to amend the Commercial Registration and Business Licensing Proclamation is approved by the federal legislature, House of Peoples Representative (HPR).
Ethiopia’s law making body, House of Peoples Representatives’ (HPR), sent a draft custom bill to two of its standing committees; Budgetary and Finance Affairs Standing Committee and the Law and Justice Administration Affairs Standing Committee.
The House of Peoples’ Representatives today deliberated on a draft proclamation aimed at regulating how foreign nationals can own immovable property in Ethiopia. The draft, which proposes to ease long-standing restrictions on foreign ownership, was referred to the Standing Committees on Urban Infrastructure and Transport Affairs and Law and Justice for further review.
New aviation policy has been prepared by the Ethiopian Civil Aviation Authority (ECAA) and the document is said to encourage large scale investment from private investors.
Ethiopian Shipping and Logistics Service Enterprise (ESLSE) announced that the dry port built to aid Dire Dawa Free Trade Zone was handling 10 trucks per day and providing streamlined logistics services.
