Warning! Javascript is disabled. Please enable javascript for a completly functioning application.

Sep 04, 2018

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)