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Ethiopian Parliament approved investment law amendment

Ethiopian Parliament approved controversial investment law amendment which was tabled in the House in Decemeber 2019.

Ethiopia _ Investment law _ amendement
Ethiopian Parliament building

January 31, 2020

Ethiopian Parliament approved an amendment to the investment proclamation. The House passed it on Thursday during its 12th regular session, as reported by state-affiliated Fana Broadcasting Corporate (FBC).

Ten parliamentarians voted against it while there was one abstain vote.

Those who are in favor of it, seemingly prime minister Abiy Ahmed is the leading proponent of it, argues that the amendment will solve problems related to the investment climate in the country.

It also aims to increase revenue from foreign currency and create job opportunities for unemployed youth in the country.

The old investment law was in effect for seven years. The amended investment law approved as legislation 1180/2012, which means that the previous one (769/2005) will no longer work.

There was a heated debate when the amendment to the investment law was introduced in parliament in December 2019. A considerable number of Ethiopians opposed it too.

One of the controversial issues was that investors as set out in article 18 subsection 2 of the draft foreign investors in Ethiopia can get land to build a residential house.

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    ታላቅ ሠላማዊ ሰልፍ በአዲስ አበባ መስቀል አደባባይ
    Sat Feb 01 2020 at 03:00 am
    መስቀል አደባባይ አዲስ አበባ ኢትዮጵያ Meskel Square Addis Ababa Ethiopia, መስቀል አደባባይ – አዲስ አበባ – ኢትዮጵያ – Meskel Square * Addis Ababa * Ethiopia.

    ቅዳሜ ጥር 23 በአዲስ አበባ ታላቅ ሠላማዊ ሰልፍ

    ሰልፉን ለማስተባበር የተሰባሰበው ኮሚቴ ለሰልፉ እውቅና የማስገባት ሂደቱን በተገቢው መልኩ ያከናወነ ሲሆን የአዲስ አበባ ከተማ አስተዳደር ሰላማዊ ሰልፍና ስብሰባ ማሳወቂያ ክፍል የማሳወቂያ ደብዳቤውን መቀበሉን ተከትሎ ሰልፉ ለወገኖቻችን ድምፅ የመሆን አላማውን በተገቢና በተሳካ መንገድ ግቡን ይመታ ዘንድ ኮሚቴው “እኔ ለእሷ ለእሱ” በሚል መሪ ቃል ወደ ሰልፉ ዝግጅት ገብቷል።
    -መላው የአዲስ አበባ ነዋሪ ቅዳሜ ለሚደረገው ሰላማዊ ሰልፍ ለሚደረገው ዝግጅት ከኮሚቴው ጎን እንዲቆም
    -የሰብአዊ መብት ተቋማት፣ሚዲያዎችና የንፁሀን ተማሪዎች መታገት ይመለከተናል የሚሉ በተለያየ መስክ የተሰማሩ ተቋማት ለሰላማዊ ሰልፉ መሳካት የበኩላቸውን አስተዋፅኦ እንዲያደርጉ እየጠየቅን ሰልፉን በተመለከተ ኮሚቴው የሚሰጣቸው መግለጫዎች በመከተል ዝግጅት እንዲደረግ እንጠይቃለን።

    ( መአዛ መሀመድ)


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  3. The Guardian
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