Outsourcing Contracts under Ethiopian Law
Outsourcing refers to contracting out non-core operation of an enterprise to an external entity (supplier) specializing in the delivery or management of that operation. According to current jurisprudence in Ethiopia, outsourcing of operations of an enterprise for the purpose of raising productivity is lawful. Thus, where an employer lays off employees following a decision to […]
Access to Credit Against Movable Collateral Under Ethiopian Law
As of July 1, 2020, Ethiopian banks shall commence to allocate at least 5% of their credit disbursement to businesses that offer movable property as collateral. The National Bank of Ethiopia has launched a collateral registry to operationalize access to credit against movable collateral. Why Movable Property Security Right ? Businesses in Ethiopia had always […]