Ethiopia approves first ever Personal Data Protection Proclamation

The Ethiopian Personal Data Protection Proclamation No. 1231/2024 has finally seen the light of the day with the parliament’s approval given on Thursday April 4, 2024, during the house’s 20th ordinary session. The Proclamation, among others, establishes principles of...

A New Proclamation for the Control and Administration of Lease of Residential Houses

The Ethiopian Parliament has ratified a new legislation to regulate the lease of residential houses in cities across the country. The proclamation promises significant change in the below three areas pertaining to the lease of residential housing.  Authentication and...

NEW DIRECTIVE BY NATIONAL BANK OF ETHIOPIA AIMS AT ENCOURAGING EXPORTERS.

NEW DIRECTIVE BY NATIONAL BANK OF ETHIOPIA AIMS AT ENCOURAGING EXPORTERS.The National Bank of Ethiopia has issued a directive that alters the retention amount from foreign exchange earnings in August 2023. The directive No. fxd_84_23 came as part of measures aimed at...

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