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LTV | Latest Ethiopian News September 13 2018

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A landmark decision by the Ethiopian investment panel has made a decision to reverse a significant rules that restricts foreign investors from participating in elements of Ethiopia's Investment Bonuses and Investment Areas reserved for home traders by lifting the limitation in logistic industry which was exclusively reserved for Ethiopian nationals.
Appropriately, the board, which consists of key ministries and the National Lender of Ethiopia and it is led by PM Abiy Ahmed, has lifted the restrictions imposed under Article 3.1(b) of the Investment Regulation No. 270/2012, "like the supply of associated facility de-consolidation and consolidation services and provide , and allow jv involvement of international logistics providers supporting to 49% or less stakes," relating to a declaration from the plank that was obtained by Addis Standard specifically.

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