Business and Trade - Pana Insight

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Ethiopia Explores Legal Framework for Private Investment in Renewable Energy

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11/12/2023

The Ministry of Water and Energy in Ethiopia is taking steps to facilitate private investment in renewable energy generation and distribution. To achieve this, the Ministry collaborated with the International Solar Alliance and organized a consultation in Addis Ababa this week. The primary objective of the event was to promote the widespread adoption of solar […]

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Ethiopia’s National Bank Paves the Way for Strategic Foreign Investments

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- Business and Trade -

09/19/2023

The National Bank of Ethiopia (NBE) has taken a bold step to attract strategic investors and bolster foreign currency reserves with Directive No. FXD/86/2023. This groundbreaking move aims to lure investments across vital sectors, promoting public goods and fostering foreign currency inflows. Under the directive, strategic foreign direct investment projects encompass power generation, infrastructure, and […]

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NBE Introduces New Forex Retention Rules

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- Business and Trade -

08/28/2023

The National Bank of Ethiopia (NBE) has announced a significant change in its forex policy to address the country’s rising inflation. The amount of forex that exporting firms can retain after exporting commodities has been increased from 30% to 50%. This measure is aimed at encouraging exporters, particularly those in the manufacturing sector, and is […]