Local, Global Law Firms Team Up for Strong Presence

Jul 13 , 2020

Webber Wentzel, a century and a half year old global law firm, has signed a bilateral agreement with local law firm Tadesse Kiros Law Office. The agreement enables the two firms to work jointly in Ethiopia. The agreement also puts in place best practice sharing and thought leadership, as well as creating opportunities for joint training and secondments. Webber Wentzel is attracted by Ethiopia following the recently relaxed business climate in the country, including the privatisation process, according to Robert Appelbaum, Webber Wentzel Ethiopia country partner. "We're seeing many more international and South African clients interested in investing in Ethiopia,” he said.



Street vendors around the Shola area take a rest in the shades of the capital's newly planted trees. Upon reporting on its 10-month performance before Parliament, the Agriculture Minister, Girma Amentie indicated that up to 43pc of the arable land in the country has been rendered acidic. This requires large amounts of limestone to be imported from abroad; the tight forex crunch has not allowed the Ministry of Finance to fund the endeavour easily. Following the rallying call of the Prime Minister...



Residents of communal houses around the Weji area hang their clothes on the fences outside. Textile manufacturing accounts for 87pc of Ethiopia's products from industrial parks. Expulsion from the African Growth & Opportunity Act (AGOA) due to the war in the North resulted in Ethiopia being expelled from the preferential trade act. Most companies choosing to rent sheds within the industrial parks do so out of a desire to access the duty-free privileges provided for African countries. Ethiopi...



Vendors put traditional beauty products from the Somali Regional State for sale around Mexico area. In November of last year, the Ministry of Finance banned imported goods under 38 categories, including cosmetics, packed foods, and furniture, from accessing letters of credit. The move resulted in the tripling of costs for cosmetic items like lipstick and nail polish. As Ethiopia ran a 14 billion dollar merchandise trade deficit last year due to import bills hiking by 26pc , a tight clampdown on...