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Guarantee To Investors

Member of MIGA

Ethiopia is a member of the World Bank - affiliated Multilateral Investment Guarantee Agency(MIGA) which gives guarantees against non-commercial risks. Ethiopia is at any time ready to conclude bilateral investment promotion and protection treaties with any country and is in fact currently concluding such agreements with a number of developed countries. Ethiopia has also signed the World Bank treaty "the convention on settlement of investment disputes between states and nationals of other states (ICSID)".

Repatriation of Capital and Profits

Capital repatriation and remittance of dividends and interest is guaranteed to foreign investors under the Investment Proclamation. Any foreign investor has the right, in respect of an approved investment, to make the following remittances out of Ethiopia in convertible foreign currency at the prevailing rate of exchange on the date of remittance:

  • profit and dividends accruing from an investment;

  • principal and interest payment on external loans;

  • payments related to technology transfer or management agreements;

  • proceeds from sale or liquidation of an enterprise;

  • proceeds from the sale or transfer of shares or assets;

  • compensation paid to a foreign investor.

 

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