Proclamation No.769/2012 Investment Proclamation

PART TWO

INVESTMENT OBJECTIVES AND AREAS OF INVESTMENT

5. Investment Objectives

The investment objectives of the Federal Democratic Republic of Ethiopia are designed to improve the living standards of the peoples of Ethiopia through the realization of sustainable economic and social development, the particulars of which are the following:

1/to accelerate the country’s economic development;

2/to exploit and develop the immense natural resources of the country;

3/to develop the domestic market through the growth of production, productivity and services;

4/to increase foreign exchange earnings by encouraging expansion in volume, variety and quality of the country’s export products and services as well as to save foreign exchange through production of import substituting products locally;

5/to encourage balanced development and integrated economic activity among the regions and to strengthen the inter-sectoral linkages of the economy;

6/to enhance the role of the private sector in the acceleration of the country’s economic development;

7/to enable foreign investment play its role in the country’s economic development;

8/to create ample employment opportunities for

Ethiopians and to advance the transfer of technology required for the development of the country.

6. Areas of Investment Reserved for the Government or Joint Investment with the Government
1/ The following areas of investment shall exclusively be reserved for the government:

a) transmission and distribution of electrical energy through the integrated national grid system;

b)postal services with the exception of courier services;

c)air transport services using aircraft with a seating capacity of more than fifty passengers.

2/ Investors shall he allowed to invest in the following areas only jointly with the government:

a) manufacturing of weapons and ammunition;

b) telecom services.

3/ The Councils of Ministers may, whenever it deems necessary determine by issuing regulation that areas of investment exclusively reserved for the government or for joint investment with the government be opened to private investors

7. Areas of Investment Reserved for Domestic Investors

Areas of investment exclusively reserved for domestic investors shall be specified by regulation to be issued by the Council of Ministers.

8. Areas of Investment Allowed for Foreign Investors

Areas of investment open for foreign investors shall be determined by regulation to be issued by the Council of Ministers.

9. Investments to be Undertaken Jointly with the Government

The Privatization and Public Enterprises Supervising Agency shall receive investment proposals submitted by any private investor intending to invest jointly with the government; it shall submit same to the Ministry of Industry for decision and, upon approval. designate a public enterprise to invest as partner in the joint investment.

Haramaya, Ethiopia

Published by

Abrham Yohannes

Abrham Yohannes Hailu Licensed Lawyer & Consultant

10 thoughts on “Proclamation No.769/2012 Investment Proclamation”

  1. Hi sir, I am a consultant,& I asked to prepare feasibility study of investment projects. Hence,I need the current Ethiopian proclamations of investment and the current need of Ethiopia for economic development please can you send me your opinion with best regards

  2. Dear, first I very grateful for all your devotion to make laws ….. accessible.
    would mind please to send me federal and Oromia RNS proclamation, regulation, directives, if any, concerning Investment other than this proc. 769/2012.
    And please any literature, thesis, journal articles on Expropriation of Investment in general and Foreign investment in particular.

    with best regards,

  3. 1st of all i would like thanks for ur help . it is known that an invester is exmted from stamp duty charge when he get bank loan but am a little bit confiused i do have one coustomer how have investment license and retaile business the loan loan is used for both. my qustion is the customer can pay stampduty charge or not. if it is possible pls send me you reply on my email

  4. please send to me the newly issued or Draft -proclamation For Financial Statments Prepration- which was proclamed in June 2014. Thank you!

  5. Sir Abrham . I would like to wonder you for all your efforts, that you make known the current laws of Ethiopia to every one . Through this opportunity i will ask your contribution regarding the requirements of registration and license as you give me some explanation .

    1. I was asked to deliver some speech on newly enacted proclamation of investment and the current need of ethiopia for economic development please can you send me your opinion with best regards

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