Addis Moves to Lift Decades-Old Law Banning Foreign Property Ownership

Ethiopia Moves to Lift Ban on Foreign Property Ownership in Bid to Boost Investment

In a bold move signaling Ethiopia’s ongoing shift toward market-driven reforms, the government is proposing a landmark change that would allow foreign nationals and companies to own property in the country for the first time in decades. The reform, which still requires parliamentary approval, is part of Prime Minister Abiy Ahmed’s broader economic liberalization agenda aimed at attracting foreign direct investment (FDI) and enhancing property ri…

Addis Moves to Lift Decades-Old Law Banning Foreign Property Ownership

Ethiopia is poised to lift its longstanding ban on foreign property ownership, aiming to attract foreign direct investment (FDI) and stimulate economic growth. Prime Minister Abiy Ahmed announced the government’s finalization of new legislation to permit foreign individuals and entities to own real estate, a significant shift from the previous policy rooted in the 1974 […]