New Directive Regulates Foreign Investors in Ethiopia's Trade Sectors

In March 2024, the Ethiopian Investment Board issued Directive No. 1001/2024, introducing new regulations for foreign investors' participation in the country's restricted export, import, wholesale, and retail trade sectors. This directive, released in Addis Ababa, represents a significant shift in Ethiopia's economic policy.

The directive underscores the importance of building sustainable domestic capabilities while strategically integrating into the global trade value chain. It aims to balance the protection of domestic interests with the encouragement of foreign investment to drive economic growth and innovation in Ethiopia. This move reflects the government's commitment to fostering a more resilient and competitive economy.