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[2] [3] In 1963, a new banking law allows split into the National and Commercial Bank of Ethiopia. The law included other commercial banks to operate, including foreign banks operated 51% owned by Ethiopians. The biggest of these was the Addis Ababa Bank, owned by 40% owned by British owned Grindlays Bank, and had 26 branches by 1975.
Since the new constitution of Ethiopia enacted in 1995, Ethiopia's legal system consisted of federal law with bicameral legislature. [1] The House of People's Representatives (HoPR) is the lower chamber of bicameral legislature of Federal Parliamentary Assembly with 547 seats and the House of Federation with 108 seats, the former vested on executive power of Prime Minister and the Council of ...
The constitution consists of 106 articles in 11 chapters. Articles I-VII contains general provisions on matters of nomenclature of state, territorial jurisdiction, and the Ethiopian flag; Articles VIII-XII describe sovereignty, the supremacy of the constitution, democratic rights, separation of state and religion, and accountability of the government.
Ethiopia's government has decided to open up the country's banking sector to foreign investors, the prime minister's office said on Saturday, the latest measure aimed at drawing investment from ...
Ethiopia has had four constitutions: 1931 Constitution of Ethiopia; 1955 Constitution of Ethiopia; 1987 Constitution of Ethiopia; 1995 Constitution of Ethiopia; A proposed revision of the 1955 constitution was released in 1974, but it had no legal effect, and was soon forgotten in the events of the Ethiopian Revolution.
The Constitution of the People's Democratic Republic of Ethiopia (Amharic: የኢትዮጵያ ሕዝቦች ዴሞክራሲያዊ ሪፐብሊክ ሕገ መንግሥት, romanized: Ye-Ītyōṗṗyā Həzbāwī Dīmōkrāsīyāwī Rīpeblīk Ḥige Menigišit), also known as the 1987 Constitution of Ethiopia, was the third constitution of Ethiopia, and went into effect on 22 February 1987 after ...
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Ethiopia has achieved economic growth of more than 7% in the past decade. During Meles Zenawi's administration, Ethiopia boosted the fastest economic growth in Africa in terms of GDP with double-digit economic growth for his last nine years, resuming seven years after his death when his party, the TPLF, continued the same policy. The rise of ...