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Addis Standard @addisstandard
, 3 tweets, 2 min read Read on Twitter
Breaking: #Ethiopian investment board lifts restrictions on logistics industry reserved exclusively for Ethiopians, opens sector for joint venture addisstandard.com/breaking-ethio… decision will allow JV participation of international logistics service providers holding up to 49% or less
Art.3.1(b) of Ethiopia's Investment Regulation states that “packaging, forwarding & shipping agency services” are “exclusively reserved for Ethiopians.” Today's decision reversed that regulation & opened sector for international logistics service providers as minority share
"Today’s decision tops any of the policy shifts introduced recently since PM #AbiyAhmed came to office. A 27 year old closed sector-logistics is now open for JV arrangements. A great move towards improving competitiveness of Ethiopia in manufacturing for export.” @BelachewM
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