Commission Underlines Need for Implementation of Improved Laws to Create Favorable Business Environment

Addis  Ababa October  30/2019 Amended proclamations and those under revision need to quickly go into effect to create conducive environment for business and ensure the ease of doing business.

Private Sector Specialist at World Bank Group, Fantu Farris said provisions of electricity and credit, paying taxes and resolving insolvency are among the problems that need to be addressed to improve ease of doing business in the country.

The advisor, however, pointed out that the progress in property registration and securing construction permit are recognized by the World Bank.

As part of a short-term plan, the Investment Commission is reportedly going to enforce various proclamations before December, 2019 and enter to action as soon as possible.

Meanwhile, efforts will be in place to render digitalized one-stop services, it was learned.

Priority is given to digitalization of services so as to realize the country’s ongoing reform agenda and enable investors get online services.

Science and Innovation Minister, Getahun Mekuria said on his part that stakeholders intervention will be significantly crucial for the implementation of the various proclamations.

Lagging behind in implementation will not solve the current problems. “ We, therefore, have to walk the talk,” he stressed.

It is to be recalled that Prime Minister Abiy Ahmed formed a National Trade Steering Committee on July 2019 to supervise and reform the investment climate and employment system.

Since then the committee has been formulating and revising several legal documents that are considered to help cut bureaucratic red tape and improve FDI.

Ethiopia is ranked 159th in 2018 in ease of doing business, registering slight improvement from 161st in 2017.

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