Lifting of restrictions on logistics industry reserved exclusively for Ethiopians
The Ethiopian Investment Board has decided to lift the investment restriction in the logistic industry, which was exclusively reserved for Ethiopian nationals. The Decision lifts the restrictions imposed under Article 3.1(b) of the Investment Regulation No. 270/2012, "including the provision of bonded warehouse, consolidation and de-consolidation services, and allows joint venture participation of international logistics service providers holding up to 49% or less stakes," according to a statement from the Board. Article 3.1(b) of the Investment Regulation stated that "packaging, forwarding and shipping agency services" are "exclusively reserved for Ethiopian nationals."
Type: Entry and establishment (Ownership and control)
Industry: Services (Transportation and storage)
- Addis Standard, BREAKING: ETHIOPIAN INVESTMENT BOARD LIFTS RESTRICTIONS ON LOGISTICS INDUSTRY RESERVED EXCLUSIVELY, FOR ETHIOPIANS, OPENS SECTOR FOR JOINT VENTURE , Sep 04, 2018
- All Africa, Ethiopian Investment Board Lifts Restrictions On Logistics Industry Reserved Exclusively for Ethiopians, Opens Sector for Joint Venture, Sep 04, 2018