Bank Guarantees in Ethiopia: Legal Realities and Practical Strategies
As Ethiopia’s commercial landscape expands driven by large-scale public procurements, infrastructure projects, and international trade the demand for robust, reliable financial security has never been higher. For decades, commercial parties have relied on traditional guarantees. However, these conventional surety ships are often bogged down by rigorous court litigation and the accessory nature of the guarantee, […]
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Form vs. Substance: How “Fictitious Supplier” Allegations Are Reshaping Tax Litigation in Ethiopia
This article is inspired by the legal and factual complexities arising from an actual tax dispute handled in contemporary Ethiopian tax practice. In the rapidly evolving landscape of Ethiopian tax law, a high-stakes battleground has emerged over the docutextual form of business transactions versus their underlying economic substance. As the Ministry of Revenues intensifies […]
Continue ReadingNavigating Ethiopia’s 2025 Banking Reforms
For decades, the Ethiopian financial sector operated under a “developmental state” model characterized by a closed market and rigid regulatory oversight. However, the landscape has fundamentally shifted. With the simultaneous enactment of the National Bank of Ethiopia Proclamation No. 1359/2025 and the Banking Business Proclamation No. 1360/2025, Ethiopia has unveiled a sophisticated, dual-pillared legal architecture. […]
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