Alebel Ashagrie & Associates Law Office

Alebel Ashagrie & Associates Law Office Alebel Ashagrie & Associates Law Office is a full-service, specialized law office based in Addis Ababa, Ethiopia.

10/01/2025

🌍 Legal Update: New Directive on Electric Vehicle Charging Systems (EVCS) in Ethiopia 🚗⚡

The Petroleum and Energy Authority has introduced Directive No. 1034/2024, a landmark regulatory framework to accelerate Ethiopia's transition to electric vehicles (EVs). Here’s what you need to know:

đź“ś Key Highlights:

Licensing: EV charging stations must obtain specific licenses based on their capacity, with stringent safety and technical compliance requirements.

Service Categories: Covers home charging, public charging stations, and captive charging facilities for private use.

Safety Standards: Mandates certified equipment, fire protection, and compatibility with international EV charging standards.

Tariffs: Introduces market-based tariffs for public charging while promoting transparency and affordability.

🌱 Why This Matters:

Encourages the use of renewable energy and supports Ethiopia's climate change goals.

Creates new business opportunities in EV infrastructure while ensuring safe and reliable services for consumers.

This directive represents a significant step towards a sustainable future for Ethiopia's transportation sector. Entrepreneurs and stakeholders in the EV ecosystem should align with these regulations to unlock opportunities in this growing market.

📌 For more details, feel free to connect or message us. Let’s discuss how this shapes the EV industry in Ethiopia!

WB, IMF Pledge over 5 Billion USD for Ethiopia’s Economic ReformThe World Bank and International Monetary Fund (IMF) hav...
13/12/2019

WB, IMF Pledge over 5 Billion USD for Ethiopia’s Economic Reform

The World Bank and International Monetary Fund (IMF) have pledged to extend over 5 billion US dollars over the coming three years in support of the ongoing Ethiopia’s economic reform, Ministry of Finance has disclosed.

In his regular press briefing on the “Homegrown Economic Reform Agenda”, Finance State Minister Eyob Tekalign said World Bank and International Monetary Fund (IMF) have pledged to cover about 60 percent of total finance needed for its three years economic reform.

The fund would be in a form of assistance and loan, it was learned.

“The economic reform we have initiated needs huge amount of finance and we cannot collect this resource with our current potential,” the state minister said, adding that “the good news is our global development partners, particularly WB and IMF agreed to cover over half of the funding for this ambition economic reform.”

Ethiopia, in its three years of economic reform, needs 10 billion USD that would be mobilized from domestic resources and international development partners.

Noting that this is the ever huge amount of financial support the two partners extended to Ethiopia, Eyob said the two giant financial organizations will approve the money next week.

Ethiopia launched the “Homegrown Economic Reform” in the sectoral, structural and macro-economic areas to minimize debt burden, adjust imbalance of external and internal trade as well as to mobilize domestic resource.

Source: ENA

30/09/2019

The 2019 Africa Risk-Reward Index ranked 26 countries based on investment potential

Ethiopia tops the rewards sub-index, with eight points, followed by Egypt (6.7), Ivory Coast (6.6) and Tanzania (6.3). Ethiopia’s high reward score is attributed, largely, to its huge market of 100 million people, as well as the process of liberalising various sectors such as telecommunications, aviation and financial services. (The report, however, points out that some of the ambitious plans being pushed by Prime Minister Abiy Ahmed have not taken off as expected.)
Source – DAILY NATION

23/04/2019

Ethiopia's Office of Public-Private Partnership Directorate General (Office of PPP-DG) has launched a Request for Pre-Qualification (RFQ) for FOUR renewable Scaling Solar Round II energy projects auction program of WERANSO, WELENCHETI, HUMERA and MEKELLE Utility-Scale Photovoltaic (PV) Projects, which will be implemented by PPP arrangement. Please contact us: [email protected] with any questions/concerns.

Vacancy announcement!!
19/03/2019

Vacancy announcement!!

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