PROCLAMATION No…/2019
INVESTMENT PROCLAMATION

RECOGNIZING that increasing the role of private sector investment in all sectors of the
economy including in productive and enabling sectors has become necessary to accelerate the
economic development of the country, ensure its sustainability, strengthen domestic production
capacity and thereby improve the living standards of its people;
WHEREAS it has become necessary to create an economic framework that fast-tracks
the global competitiveness of the national economy, increases export performance, generates
more and better employment opportunities, and facilitates sustainable and entwined linkage
among various economic sectors;
WHEREAS it has become necessary to further increase and diversify foreign
investment inflow to accelerate inward transfer and diffusion of knowledge, skill, and
technology;
RECOGNIZING that it has become necessary to maximize linkages between foreign
and domestic investments, promote equitable distribution of investments among regions, and
leverage foreign capital to promote the competitiveness of domestic investors;
RECOGNIZING that it has become essential to put in place a system of monitoring and
supervision to ensure that investments deliver on promised potentials stated in national
investment objectives and are operated in accordance with the law;
WHEREAS the investment administration system has to be transparent, predictable, and
efficient to increase investment attraction, retention, and expansion;
WHEREAS, to these ends, it has become necessary to revise the existing law on
investment;
NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the
Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows:

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Draft Investment proclamation Ethiopia (amharic)

Draft Investment proclamation Ethiopia (commentary)

Draft Investment proclamation Ethiopia (english)

By Abrham Yohannes

Abrham Yohannes Hailu Licensed Lawyer & Consultant

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