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What You Should Know About the Establishment of a Capital Market in Ethiopia

Part of the Ethiopian Government’s recent reform measure aims to correct imbalances and safeguard macro-financial stability in the country, among others. As part of the requirements for macro-economic stability, the reform program provides improvements to access to finance and the development of a capital market, where securities such as shares, bonds and derivatives are bought and sold. As a result, the National Bank of Ethiopia (NBE), which is the central bank of the country, was tasked to prepare the legal framework and came up with a draft capital markets proclamation, which was later approved and enacted by the Federal Parliament in its regular session held on June 10, 2021, as Proclamation No. 1248/2021. Consequently, actions are being taken by the government to operationalize the Ethiopian Capital Market Authority by the end of 2021 and finally the Ethiopian Securities Exchange through public-private partnership arrangements in 2022.

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Analysis of the unique feature of the SNNPR constitution with the FDRE constitution

Save the constitutions of Oromia and Tigray, the remaining seven sub-national constitutions were adopted after the promulgation of the federal constitution. Accordingly, the first SNNPR constitution was adopted in 1995 as per the authorization it gets from Art 50(5) and Art 52(2) (b) of the federal constitution. This constitution was active until it was finally replaced by the revised SNPPR constitution of 2001. As it holds true for other regional constitutions, the revision was the need to constitutional zed principles of separation of power, accountability and transparency in government acts, to organize the structure and administration of state in a way that can facilitate local government, and to create a situation that eases socio-economic development in the region. At the same time, it should also be noted that there are scholars who argue that the reason for the revision of sub-national constitutions is the internal problem of EPRDF. Whatever the case, starting from the inception of a federal system in Ethiopia SNNPR adopted only two constitutions.

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Creating Economic opportunities for refugees: Why refugees in Ethiopia are refusing their right to work and integration?

1. The right to work of refugees

 The right to work is one of the fundamental human rights recognized by different human rights instruments. The 1948 Universal Declaration of Human Rights (UDHR) under its Article 23 declared the right to work as a fundamental human right.

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ስለ ኑዛዜ ከውርስ ሕግና ከሰበር ውሳኔዎች ጋር ተገናዝቦ የቀረበ

የኢትዮጵያ የውርስ ሕግ ኑዛዜ ማለት ምን ማለት እንደሆነ የሰጠው ትርጉም ባይኖርም አንድ ኑዛዜ ህጋዊ ውጤት እንዲኖረው ማሟላት የሚገባቸውን መስፈርቶች ምን ምን እንደሆኑ በዝርዝር የሚያስቀምጡ የሕግ ድንጋጌዎችን ከፍትሐብሔር ህግ ቁጥር 857 እስከ 908 ተደንግጎ እናገኘዋለን፡፡ በዚህ ጽሁፍ ኑዛዜ በምን አግባብ ቢደረግ በሕግ ዘንድ ውጤት ይኖረዋል፤በውርስ ሕጋችን ላይ የተቀመጡት የኑዛዜ አደራረግ ስርዓቶች አስገዳጅነታቸው እስከምን ድርስ እንደሆነና ኑዛዜ በፍርድ ቤት ቢጸድቅ ሊያስገኝ የሚችለው ውጤትና ባለመጽደቁ የሚያመጣው ተጽእኖ ምን እንደሆነ ከውርስ ሕግ እና አስገጋጅ ከሆኑ የፌዴራል ጠቅላይ ፍርድ ቤት የሰበር ውሳኔዎች አንጻር  በአጭሩ ዳሰሳ ለማድርግ ተሞክሯል፡፡ 

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The Minimum Wage System in Ethiopia: a Comparative Analysis

A minimum wage is the lowest wage that employers may legally pay to workers. The purpose of minimum wages is to protect workers against unduly low pay and they are essentially labour market interventions used by governments either as instruments of political macroeconomics or as social tools. Governments introducing minimum wage policy and legislations basically aim to protect low-income workers through the introduction of minimum wages based on country specific factors.

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Legal Effects of Unregistered Property Interests on Third Parties: What is the Position of Ethiopian Law?

If you have an interest on a property and this interest is registered, it will have legal effects on third parties. The idea is the third party knew or should have known of a prior interest registered before the acquisition of his own interest. The government enhances certainty and security of land transactions by providing a registry system. The purpose of this registry system is to register anyone who has prescribed interests (such as mortgage) on a land so that third parties can inspect the registry and decide whether to make another transaction. There is of course a practical question of as to whether the current registry system provides such service to inquirers. Leaving this aside, another question is what if the interest is not registered because the law does not require such interest to be registered in the first place or because of other reasons. Consider the following:

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Legal updates on federal court establishment proclamation, proclamation number 1234/2021

Introduction

The Federal Court Proclamation no 25/96 its amendment, which has been in force for many years, is repealed and replaced by the federal courts' Proclamation number 1234/2021.  When we look at the existing proclamation, the new law introduced new elements. In these short notes, we will briefly explore the new features of the proclamation and the reason behind the improvements of the proclamation to its current content.

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Brief summary major reforms introduced by Movable Property Security Rights Proclamation, No.1147/2019

 

Introduction

Before the enactment of movable property security right proclamation, Ethiopian movable security right law is ultimately unsatisfactory because it is fragmented, and contained in four different pieces of legislation: The Civil and Commercial Codes, the Business Mortgage Proclamation, the Proclamation to Provide for a Warehouse Receipts System (Warehouse Receipts Proclamation), and the Capital Goods Leasing Business Proclamation. Under this system, security rights in many movable assets are not registered.

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Updates on the recent administrative procedure proclamation no 1183/2020

Before the enactments of the Federal Administrative Procedure Proclamation, there is a gap in the Ethiopian legal regime due to the absence of administrative procedure law. This is a neglected subject both by the legal academia and practitioners. It is very difficult and challenges to talk about the history of administrative law in Ethiopia. Administrative law is still not well developed, and it is an area of law characterized by the lack of legislative reform.

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ያለደረሰኝ ግብይት የማከናወን ወንጀል

የዚህ ጽሑፍ ዋና ዓላማ ያለደረሰኝ ግብይት የማከናወን ወንጀል ላይ መሠረታዊ የሆነ መረዳት እንዲኖር ማድረግ እና ያለደረሰኝ ግብይት ከማከናወን ወንጀል ጋር በተያያዘ እየቀረቡ ያሉ አንዳንድ ማብራሪያዎች (commentaries) ላይ የሚስተዋሉትን ግድፈቶች ማቃናት አስፈላጊ ሆኖ በመገኘቱ ነው፡፡

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