Legal Insights
Legal Updates
Stay informed with our latest legal insights, analysis, and updates on regulatory developments in Ethiopia and across Africa.
A Comprehensive Analysis of the Further Liberalization of Ethiopia's Foreign Exchange Regime: Directive No. FXD/04/2026 (February 2026)
Banks may now offer forward exchange contracts without National Bank approval. Transacting parties freely choose between spot and forward rates. This enables currency…
Wha is New Under the Investment Incentives Regulation No. 586/2026
On 20 January 2026, the Council of Ministers approved a new legal framework governing investment incentive as part of broader reforms aimed at strengthening fiscal…
Ethiopia Enacts Critical Infrastructure Cybersecurity Proclamation
The House of Peoples' Representatives has enacted the Critical Infrastructure Cybersecurity Proclamation No. 1426/2026, establishing a comprehensive legal framework for…
A New Era for Insurance Regulation in Ethiopia
Ethiopia’s insurance sector stands at a critical point of transformation. The draft Insurance Proclamation introduces a comprehensive overhaul of the existing legal and…
Understanding Ethiopia’s Digital Financial Services Framework: Distinguishing PIIs from PSOs
The difference between the piis and psos. PSO directive, Art.2 (34) and Art.2 (18) of the amended National Payment System Proclamation define PSO in a different tone…
Ethiopia's Payment System Operators Faces Its Biggest Regulatory Transformation Since Liberalization
The National Bank of Ethiopia has released a draft amendment to the Licensing and Authorization of Payment System Operators Directive, introducing sweeping reforms that…
Licensing and Authorization of Payment System Operators (Amendment) Directive
The most consequential reform proposed by the National Bank is the decision to open the payment system operator sector to foreign participation. For many years…
ETHIOPIA PROPOSES SIGNIFICANT AMENDMENTS TO THE TAX ADMINISTRATION FRAMEWORK
The draft amendment formally introduces important legal concepts that are expected to play a central role in future tax assessments, investigations, objections, and…
National Bank of Ethiopia Announces Major Monetary Policy Reforms: Credit Cap Removed and Policy Rate Increased to 16%
The National Bank of Ethiopia (NBE), through its Monetary Policy Committee (MPC), announced a comprehensive package of monetary policy reforms following its seventh…
DRAFT STATISTICS PROCLAMATION PROPOSES COMPREHENSIVE REFORM OF ETHIOPIA'S NATIONAL STATISTICAL SYSTEM
A draft Statistics Proclamation has been introduced to replace the legal framework currently governing the production, management, and dissemination of official…
Ethiopia’s Beneficial Ownership Transparency Regime under Regulation No. 592/2026: A New Era of Corporate Disclosure
On 10 July 2026, the Council of Ministers issued the Transparency of Legal Persons Beneficial Ownership Information Regulation No. 592/2026 (the “Regulation”)…
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