Basic Information for
Ethiopians in the Diaspora

Ministry of Foreign Affairs
Diaspora Engagement Affairs General Directorate
September, 2011

“Ethiopians in the Diaspora need to further consolidate their efforts
and do their part for the efficient implementation of the GTP, a plan whichaims at extricating the country out of poverty.”
February 2011
H.E. Prime Minister Meles Zenawi

1

“Ethiopians in the Diaspora should contribute their share, so that they canenjoy a life time experience at the success that the country
will register at the completion of the ongoing five year GTP.”
January 2011
H.E. Hailemariam Desalegn
Deputy Prime Minister and Minister of Foreign Affairs

2

Table of Contents
1

Introduction

52

Diaspora Engagement Affairs Directorate General

63Investment Procedures in Ethiopia

84Investment Incentives in Ethiopia

125

Customs Duty, Tariff and Taxes in Ethiopia

17

6

Tax Regulations in Ethiopia

18

7

Customs Procedures in Ethiopia

218Ethiopian Origin ID card (Yellow Card)

25

9Opening Diaspora Account29

9.1. Bank Addresses to Open All Diaspora Accounts

36

Formal Remittance Service in Ethiopia

38

10.1. Remittance Service Providers (RSP’S)

43

11

Tax ID Number and Finger Print Requirement

47

12

The Grand Renaissance Dam Bond Guidelines

49

13

Address for Federal and Regional Offices

60

10

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4

1. Introduction
The Government of Ethiopia has been taking different measures to ensurethat the knowledge, experience, skills, and financial resources of Ethiopians in
the Diasporta contribute to national gowth. The potential role of the Ethiopian
Diaspora in development efforts has, in recent years, won unprecedented
recognition from the Ethiopian government. This interest in the actualand potential contribution of the Diaspora to development in Ethiopia is
mainifest in the explicity reference to the role of the Diaspora in the Country’s
poverty reduction program, including the recognition of the positive impactthat remittances have on the country’s service account and in facilitating
mechanisms to encourage direct investment from Ethiopians abroad.
In order to make the meaningful contribution to the development of the country,
the Ethiopian Diaspora needs to overcome the major challenges of lack of
accurate and up to date informatin about the country’s develoopment policies
and programs. The main purpose of this “Basic Information for Ethiopians in
the Diaspora” is to help fill the information gap and make more information
available in one book to enable them channel their initiatives and efforts.
This booklet addresses issues in relation to the Diaspora Engagement Affairs
Directorate General, Investment Procedures in Ethiopia, Investment Incentives
in Ethiopia, Customs Duty, Tariff and Taxes in Ethiopia, Tax Regulations inEthiopia, Customs Procedures in Ethiopia, Ethiopian Origin ID card (YellowCard), Opening Diaspora Account, The Grand Renaissance Dam Bond, Formal
Remittance Services in Ethiopia, Tax ID Number and Finger Print Requirement,
Address for Regional and Federal Offices.

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2. Diaspora Engagement Affairs Directorate General
Diaspora Engagement Affairs General Directorate, the former Ethiopian
Expatriate Affairs General Directorate, was established in January 2002 within
the Ministry of Foreign Affairs with a view to working closely with Ethiopian
in the Diaspora and facilitating their activities in Ethiopia. Its aim is to ensurethat Diaspora issues are seriously considered in the country’s development
endeavors.
The stated objectives of the General Directorate are to:• Serve as a liaison between different federal Ministries, regional
Diaspora coordinating offices and Ethiopians in Diaspora;• Encourage the active involvement of the Ethiopians in Diaspora insocio-economic activities of the country;• Mobilize the Ethiopian community abroad for a sustained andorganized image building.
The General Directorate seeks to disseminate accurate information to the
Ethiopian community abroad through various media outlets and to keep theminformed of issues relevant to them. It also conducts research to inform policy
regarding the Diaspora’s increased participation in nation’s development
endovers.
Address
Ministry of Foreign Affairs
Diaspora Engagement Affairs General Directorate

6

P. O. Box 393
Tele +251 115 51 38 84, +251 115 51 73 45
Fax +251 115 51 43 00
E-mail: mfa.community@ethionet.et
Addis Ababa, Ethiopia

Diaspora Engagement Affairs General Directorate
Organizational Structure

Diaspora Engagement Affairs
Director General

Diaspora Information andResearch Director

Diaspora Participation
Director7

3. Investment Procedures in Ethiopia
The Ethiopian Investment Agency (EIA) is the government organ responsible
for promoting, coordinating and facilitating foreign investment in the country.
It is a one-stop-shop for all investors in Ethiopia, and renders the following
services:• Provides the necessary information required by investors;• Approves and issues investment permits to foreign investors;• Provides trade registration services to foreign investors;• Issues operating licenses to approved foreign investments;• Notarizes Memorandum of Association and Articles of Association;• Grades construction contractors;• Approves and registers technology transfer agreements;• Registers export-oriented non-equity based foreign enterprise 		collaborations;• Provides advisory and aftercare services to investors;• Approves expatriate posts and issues work permits to foreign 		
employees; and• Facilitates the acquisition of land and utilities by foreign investors.
A foreign investor who plans to engage in Investment in Ethiopia, or a domestic
one or a partnership of foreign and domestic investors: all these need toknow the investment procedures to follow to apply for investment permit toinvest in Ethiopia or to expand or upgrade their existing investments. The
investment procedures in Ethiopia are also laid out in the proclamations andregulations.

8

These procedures have been taken out of
Investment Proclamation No. 280/2002 or
280/1994 E.C.; and its amendment Investment(amendment) Proclamation No. 375/2003 or
375/1996 E.C.
However, it’s advisable that a reader have access to these documents for acomprehensive understanding of the existing proclamations and regulations.
Investment Permit:
The following investors shall be required to obtain investment permits:• Foreign investors;• Foreign nationals, excluding Ethiopians by birth, taken for domestic
investors pursuant to Article 2(5) of this Proclamation;• Domestic investors investing in areas eligible for incentives;• Domestic and foreign investors making investments in partnerships.
Application for Investment Permit:
By a domestic investor:
The application shall be made in a form designed for such purpose andsubmitted together with the following documents (the application form and the
documents have to be submitted in two copies, where they are submitted to
the Agency, or in one copy, where they are submitted to Regional Investment
Organs).
• Where the application is signed by an agent, a photocopy of his 		power of attorney;9• Where the investment is to be made by an individual person, a 		photocopy of his identity card, or a photocopy of the certificate
evidencing his domestic investor status and his recent two 		
passport size photographs;• Where the investment is to be made by a business organization,		photocopies of its memorandum of association and Articles of 		
Association; or where the business organization is newly
established, in addition, it shall submit photocopies of the 			shareholders’ identity cards, or photocopies of the certificates 		
evidencing their domestic investor status;• Where the investment is to be made by a public enterprise, 		
a photocopy of the Regulation under which it is established or 		a photocopy of its memorandum of association and Articles of 		
Association;• Where the investment is to be made by a cooperative society, a 		photocopy of its Articles of Association.
By a Foreign Investor:
The application shall be made in a form designed for such purpose andsubmitted together with the following documents:• Where the application is signed by an agent, a photocopy of his 		power of attorney;• Where the investment is to be made by an individual person, a 		photocopy of the pages of valid passport showing his identity and 		
his recent two passport size photographs;

10• Where the investment is to be made by a business organization, 		photocopies of its memorandum of association and Articles of 		
Association; or where the business organization is newly			
established, in addition, it shall submit photocopies of the 			shareholders’ valid passports showing their identity.
• Where the investment is to be made by a branch of a foreign 		business organization in Ethiopia, photocopies of its memorandumof association and Articles of Association or a similar document of 		the parent company; and• And where it’s a joint investment by domestic and domestic 		
foreign investors, in addition to the documents provided in 			
the above third list, photocopies of the identity cards, or
photocopies of the certificates evidencing the domestic investor 		
status of the investor as the case my be.
For Expansion or Upgrading of an Existing Enterprise:
The application shall be made in a form designed for such purpose andsubmitted together with the following documents:• Where the application is signed by an agent, a photocopy of his 		power of attorney;• Where the investment is made by a business organization, 		photocopies of its memorandum of association and Articles of 		
Association; and• Photocopy of a valid business license of the existing enterprise.

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4. Investment Incentives in Ethiopia
One of the steps taken by the government to enhance Investment in Ethiopia
is the provision of investment incentives. This page contains details on the
incentives as laid out by the Council of Ministers.
These Incentives have been taken out ofCouncil of Ministers Regulations No. 84/2003
or 84/1995 EC on Investment Incentives andInvestment Areas Reserved for Domestic
Investors and its amendment Regulation No.
146/2008 or 146/2000 EC.
The Ethiopian Government provides investment incentives. Under Exemption
from income tax there are:Investment Activities Eligible for Income Tax Exemption
1. Where an investor engaged in manufacturing or agro-industrial activities, 		
or investment areas of information and communication technology 		development or the production of agricultural products to be determined		
by directives to be issued by the Investment Board;• Exports 50% /(fifty percent) of his/her products or services; or• Supplies 75% (seventy five percent) of his/her product to an 		
exporter as a production or service input; he/she shall be 			eligible for income tax exemption for 5 years.

122. Not withstanding the provisions of list 1 above, the Board may, under 		
special circumstances, grant income tax exemption for a period not 		
longer than 7 years. However, the granting of income tax exemption for 		a period longer than 7 years requires the decision of the Council of 		
Ministers.
3. An investor engaged in activities mentioned in list 1 above and who 		
exports less than 50% (fifty percent) of his products or services, supplies
his products or services only to the domestic market shall be eligible for 		
income tax exemption for 2 years.
4. Notwithstanding the provision of list 1 above, the Board may, under 		
special circumstances, grant income tax exemption for a period not 		
longer than 5 years.
5. Notwithstanding the provision of list 3 above, directives issued by the 		
Board may prohibit exemption from income tax with respect to an 		investor who supplies his products or services only to the domestic 		
market.
6. Notwithstanding the provisions of lists 1 and 3 above, an investor who 		
exports hides and skins after processing up to crust level may not be		
entitled to incentives provided therewith.
7. Notwithstanding the provisions of the above lists, where the investment 		
is in relatively under-developed regions such as Gambella, Benishangul 		and Gumz, South Omo, in Afar Zones to be determined by the Board, 		Somali and other regions to be determined by the Board, the investor 		
shall be eligible for income tax exemption for an additional 1 year period.
8. The income tax exemption under the provisions of the above lists shall 		be effective when the investor provides the information for the relevant 		
revenue collecting institution and its validity is ascertained for each 		
income tax period.

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Income Tax Exemption for Expansion or Upgrading of an Existing
Enterprise:
An investor engaged in activities mentioned under the provisions of list 1
above who exports at least 50% (fifty percent) of his products and services
and increases, in value, his/her products or services by 25% shall be eligible
for income tax exemption for 2 years.
Commencement of Period of Exemption from Income Tax
The period of exemption from income tax shall begin from the date ofcommencement of production or the date of provision of services, as thecase may be.
Carry Forward of Losses
An investor who has incurred loss within the period of income tax exemption
shall be allowed to carry forward his/her loss for half of the income tax
exemption period, after the expiry of such period.
Under the Exemption from the payment of customs duty there are:
Exemption from the Payment of Customs Duty
1. An investor shall be allowed to import duty free capital goods and 		construction materials necessary for the establishment of a new 			
enterprise or for the expansion or upgrading of an existing enterprise.
2. In addition, an investor granted with a customs duty exemption privilege 		
shall be allowed to import duty free capital goods necessary for his 		enterprise14

3. Notwithstanding the provisions of lists 1 and 2 above the Board may, 		by its directives, bar the duty-free importation of capital goods and 		construction materials where it finds that they are locally produced with 		competitive price, quality and quantity.
4. An investor eligible for duty-free importation of capital goods pursuant tothese Regulations shall be given the same privilege for spare parts whose
value is not greater than 15% (fifteen percent) of the total value of the 		
capital goods to be imported.
Conditions for Importing Vehicles Duty Free:
1. Any investor may import duty free:• Ambulances used for emergency case of employees• Buses used for tour operation services.
2. Without prejudice to list 1 above, the board may issue directives on 		
conditions of importing duty free:• up to three 4-wheel drive vehicles for tour operation services• Vehicles for any other investments depending on the type and 		nature of the project.

Areas of Investment Not Eligible for Customs
duty exemption:• Notwithstanding the provisions of the Exemption from the Payment
of Customs Duty, the following areas of investment are not eligible 		for exemption from the payment of customs duty.
• Hotels (excluding star-designated hotels), motels, tea rooms, 		coffee shops, bars, night clubs and restaurants which do not have 		international standards;15• Wholesale, retail and import trade;• Maintenance services;• Commercial road transport and car-hire services;• Postal and courier services;• Real estate development;• Business and management consultancy services;• Advertisement services;• Cinematography and similar activities;• Radio and television broadcasting services;• Theatre and cinema hall operations;• Customs clearance services;• Laundry services;• Travel agency, trade auxiliary and ticket-selling services;• Lottery and games of a similar nature;• Notwithstanding the provision list 1 above, the Board may, where 		
it finds appropriate, issue directives providing for additional 		
areas of investment which may not be eligible for exemption from 		
the payment of customs duty.

Transfer of Capital Goods Imported Free ofCustoms Duty
• Capital goods imported free of customs duty shall not be transferred		to third parties not entitled to similar duty free privileges, unless prior		
payment of the customs duty is effected thereon.
Any regulations or directives inconsistent with these Regulations shall nothave effect with respect to matters provided for in these Regulations.

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5. Customs Duty, Tariff and Taxes in Ethiopia
Importers to Ethiopia are required to pay Import (Customs) duty, Withholding
Tax (a fixed rate of 3%), Excise Tax (if applicable), VAT (a fixed rate of 15%)and Surtax (a fixed rate of 10%).

Tariff Calculator
Total Cost of the goods = FOB Cost + Insurance + Freight
Total Cost of the goods x Import Customs Duty = A(Total Cost of the goods + A) x Excise Tax Rate (If applicable) = B(Total Cost of the goods + A + B) x VAT = C(Total Cost of the goods + A + B + C) x Surtax = D
Total Cost of the goods x Withholding Tax = E
TOTAL PAYABLE at THE TIME OF IMPORT = A+B+C+D+E
Note: There are some goods that may be exempted from one or more of the taxes
and duties mentioned above. To find out more, one can visit http://www.erca.gov.et/download.php to download the tariff book, and, http://www.erca.gov.et/taxcalclient.php
where one can find an online tax calculator. Both are provided by the Ethiopian Revenue
and Customs Authority

176. Tax Regulations in Ethiopia
It's imperative that one should know the existing tax regulations in Ethiopia
when one plans to start business in the country and while doing business in
Ethiopia. What types of taxes are there in Ethiopia? What are the tax rates
in Ethiopia? What are the tax exemptions in Ethiopia (if applicable)? How
are taxes filed in Ethiopia? These are important questions on Ethiopian tax
regulations.
INCOME TAX PROCLAMATION NO. 286/2002
OR 286/1994 EC AND ITS AMENDMENT OF
THE INCOME TAX PROCLAMATION NO.
608/2008 OR 608/2000 E.C.
VALUE

ADDED

TAX

PROCLAMATION

NO. 285/2002 OR 285/1994 EC AND ITSAMENDMENT OF THE VALUE ADDED TAXPROCLAMATION 609/2008 OR 609/2000 E.C
EXCISE TAX PROCLAMATION NO 307/2002
OR 307/1994 EC AND A PROCLAMATION TO
AMEND THE EXCISE TAX PROCLAMATION
NO. 610/2008 OR 610/2000 E.C.
TURN

OVER

TAX

PROCLAMATION

NO. 308/2002 OR 308/1994 EC AND A
PROCLAMATION TO AMEND THE TURNOVERTAX PROCLAMATION NO. 611/2008 E.C.

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COUNCIL OF MINISTERS INCOME TAXREGULATIONS NO. 78/2002 OR 78/1994 EC.
COUNCIL OF MINISTERS VAT REGULATIONS
NO. 79/2002 OR 79/1994 EC
These documents can be purchased at Berhanena Selam Printing Enterprise
Shop at Arat Kilo. One can also visit http://www.erca.gov.et/index.php (theEthiopian Revenues and Customs Authority Website).
Types of Taxes in Ethiopia and their rate in percentage:
Indirect Taxes
1. VAT (Value Added Tax): 15%
2. Excise Tax: varies widely for different goods and one may check 			the separate category for excise tax on this website.
3. TOT (Turnover Tax): 2% on goods sold locally; for services 2% 			
(two percent) on contractor, grain mills, tractors and combine-			
harvesters and 10% (ten percent) on others
Direct Taxes
1. Personal Income Tax: progressive and ranges from 10% to 35%.
2. Rental tax: progressive for persons and ranges from 10% to 35%

		and 30% flat rate on bodies.
3. Business Profit Tax: progressive for unincorporated businesses 			and ranges from 10% to 35% and 30% flat rate on incorporated 		businesses (eg. PLC, Share Company).

19

4. Withholding Tax: On imported goods at 3% of the sum of cost, 			
insurance and freight (CIF). On payments made to taxpayers at 			
2% on cost of supply goods involving more than Birr 10,000 in			
any one transaction or contract and services involving more than 		Birr 500 in one transaction or service.
5. Other Taxes (Taxes from Royalties, Income from Rendering 			Technical service, Income from Games of chance, Dividends, 			
Income from Rental of property, Interest Income on deposits gain 		on trainer of certain In-properly)20

7. Customs Procedures in Ethiopia
These procedures have been taken out of:
The Re-establishment and Modernizationof Customs Authority Proclamation No.
60/1997 or 60/1989 EC and its amendment
Proclamation No. 368/2003 or 368/1995 EC
Declaration, Examination and Release of Goods• Lodgement of Customs declaration• Supporting Documents of Customs Declaration• Verification of Documents and Examination of Goods• Examination at the request of Importer• Delivery of Goods
Lodgement of Customs Declaration• Except exempted by directives all goods entered in accordance with 		
Article 17 of the proclamation shall forthwith lodged for clearance in 		
aspect copies of customs declaration.
• Goods exempted from clearance shall be determined by directives 		
issued by the Customs Board• Where customs clearing agent applies for hold function and fulfils 		
supporting documents pre lodgement of customs declaration may be 		

21

allowed for and five days before the arrival of the goods at customs port.
However, if the goods do not arrive within the five days, a new declaration
shall be lodged at the time of arrival of the goods.
• The Authority may allow goods to be cleared urgently due to their nature 		or the reason they are required for. The details and the reasons that justify
this procedure shall be prescribed in the directives issued by the authority.
• All information supplied in the customs declaration shall be filled and		
signed by the customs clearing agent.
• Any imported goods registered for home consumption shall be identified 		and declared in Customs declaration.
• Goods entered for an out right exports or temporary export shall be 		
declared in Customs declaration.
• Customs declaration accepted by the entry reception shall immediately 		
be registered for the accomplishment of customs formalities.
• Customs declaration may be lodged orally, by bodily action or 			electronically. The ministry may issue directives as to the goods and 		
conditions of lodging Customs declaration orally, by bodily action or 		
electronically.
Supporting Documents of Customs Declaration• On the lodgement of customs declaration and declaration of facts the 		
following original documents in support shall be supplied to customs in a
number of copies fixed by the Authority:• Transportation document• Price document (commercial invoice)22• Bank permit• Packing list
• Certificate of origin, and• Other necessary documents to be prescribed in the
directives issued by the Authority• Transportation document that is required in support of export goods 		
shall be a document that is used as evidence for the transpiration of 		
goods up to the customs port of exit.
• The Authority may require any document to be presented in an Amharic 		
translation made by official translators.
• Customs declaration shall be acceptable where the necessary documents
which are prescribed under this Article are presented and approved by 		the customs officer.
Verification of Documents and Examination of Goods• The proper customs officer shall verify documents and examine goods to 		assure the accuracy of information supplied in the document.
• The owner of the goods or his authorized agent shall attend during 		
examination of the goods. Where the owner or his agent fails to appear 		at the time of examination, the proper Customs Officer shall open and 		
examine the goods in the presence of relevant officials.
• Procedure of goods examination shall be prescribed by directives issued 		by the Authority.

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Examination at the request of Importer• If any importer or his agent believes that the goods have suffered damage		short or pilfered in route may request for prior examination of the goods		
before the lodgement of goods declaration.
• Where the request made in accordance with list no. 1 above and its 		
reason are justified by the Authority; goods examination may be carried 		out upon payment of service charge. Customs declaration shall, therefore,be filled in accordance with the examination report.
• Service charges for prior examination of goods shall be prescribed by 		
directives issued by the Authority
Delivery of Goods• All goods listed in customs declaration shall be removed from the ware		
house by the owner or his agent immediately upon the accomplishment		
of customs formalities.
• Goods which are not removed from the warehouse with in the period 		
specified in sub-Article (3) of Article 43 of the proclamation shall be sold or
disposed otherwise as deemed abandoned to the customs.

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8. Ethiopian Origin ID card (Yellow Card)
The objectives of Ethiopian Origin ID card
• To identify foreign nationals of Ethiopian Origin who have acquired 		
foreign nationality and to entitle them to various rights and privileges of 		
Ethiopian nationals by lifting the legal restrictions imposed on them when 		
they lost their Ethiopian nationality.
• In order to create a legal framework whereby persons of Ethiopian Origin 		
could make their contribution to the development and prosperity of their 		
country of origin

Rights of the holder of the ID card
• S/he shall not be required to have an entry visa or residence permit to live
in Ethiopia;• S/he shall have the right to be employed in Ethiopia without a work 		
permit;• S/he shall not be subjected to the exclusion that applies to foreign 		
nationals; regarding coverage of pension scheme under the relevant 		
pension law; and• The children of the holder of the ID card who are under the age of 18 shallhave the right to enjoy facilities granted.

25

Exceptions• S/he shall have no right to vote or be elected to any office at any level of 		
Government• S/he shall have no right to be employed on a regular basis in the 			National Defense, Security, Foreign Affairs and other similar political 		establishments.
Authority Issuing the ID card
• The ID card shall be issued by the Ministry of Foreign Affairs when abroad
and by the Authority for Security, Immigration and Refugee Affairs main 		
Department when in Ethiopia
Processing Ethiopian Origin ID card
• All applications must be made in person• Applicants must submit two completed ID card application forms• Four recent passport-size colour photograph, glued to the application form
• Proof of Ethiopian Origin• Accepted nationality support documents issued in Ethiopia are:
♦ Old or damaged previous Passport (if available)♦ Birth certificate♦ ID Cards (from: kebele, and known other Institutions)♦ A letter of community membership or ID authenticated by
the Ministry of Foreign Affairs in Ethiopia;

26

♦ Bank Book
♦ Marriage certificates♦ Educational Certifications that state Nationality♦ Social Security Documentation (Pension payment certificate)♦ Court decision documents• Car and fixed asset (i.e. land and buildings) property ownership 			
documents and other similar evidentiary documents which state 			Ethiopian nationality.
• Passport for current nationality or valid travel document issued by the 		
country
Other Applicants• If applicant has children under the age of 18, he/she has to produce:♦ Passport,♦ Birth Certificate and♦ Two current colour passport size photographs of each child \attached with his/her application for ID card.
• If applicant has a spouse who is foreign national, he/she has to produce:♦ Passport,♦ Marriage certificate and♦ Two current colour passport size photographs of each child 		
attached with his/her application for ID card.

27

Returning an Ethiopian Origin ID card
A person wishing to return an Ethiopian Origin ID card should complete thefollowing steps.
♦ Fill out and submit the appropriate form.
♦ Submit a signed letter that the card is being returned willingly♦ Return ID cards belonging to all other family members
Validity of the Identification Card
♦ An identification card issued shall be renewable every five year 		since the date of its issuance
Service fees
• A fee of US $100(One Hundred American Dollar) or an equivalent sum of
the local currency where the applicant resides; or if an applicant is in 		
Ethiopia an equivalent Ethiopian Birr on the basis of the applicable 		exchange rate shall be payable for the issuance of the identification Card.
• A fee of US $40 (Forty American Dollar) or an equivalent sum of the 		
local currency where the applicant resides; or if an applicant is in Ethiopia
an equivalent Ethiopian Birr on the basis of the applicable exchange rate 		shall be payable for the renewal of an Identification Card.
• A fee of US $60 (Sixty American Dollar) or an equivalent sum of the 		
local currency where the applicant resides; or if an applicant is in Ethiopia
an equivalent Ethiopian Birr on the basis of the applicable exchange 		
rate shall be payable for the replacement of a lost or damaged 			Identification Card of Ethiopian Origin. A person wishing to replace his/		
her lost or damaged ID card should fill out and submit the appropriate 		form and provide a police record or affidavit attesting to the loss of the		
card.

28

9. Opening Diaspora AccountWhat is Diaspora Account?
It is a deposit account targeted for Ethiopians in Diaspora to open and use
foreign currency account in Ethiopia.
• Individuals and companies can open this account.
• This account can serve as collateral to get loans in local currency 		from domestic banks in line with the opening bank's credit policy.
• Deposit is made in one or more of the following currencies:♦ US Dollar♦ Pound Sterling♦ Euro• Deposits that are made in other convertible currencies such as Canadian 		
Dollar, Saudi Riyal, Japanese Yen, Australian Dollar and UAE Dirham shallbe converted to any of the above stated three currencies at spot 			exchange rate based on the preference of the account opener.
Types of Diaspora Account
I. FIXED (TIME) DEPOSIT ACCOUNT• It is an interest bearing account with agreed maturity date. The minimum 		maturity period is three months.
• It is opened with an initial deposit of US Dollar 5,000 or its equivalent in 		
any of the above stated currencies.

29• Interest on such accounts shall be payable only if they are maintained at 		
least for the minimum period.
• Interest income on such accounts is tax-free.
II. CURRENT ACCOUNT• It is operated by cheque book.
• Withdrawals can be made at any time by writing a cheque.
• It can be opened with an initial deposit of US Dollar 100 or its equivalent 		
in any of the above stated currencies.
• The maximum amount to be deposited shall not exceed US Dollar 50,000
or its equivalent in any of the above stated currencies.
• Interest shall not be paid to a non-resident foreign currency current 		
account.
III. NON-REPATRIABLE BIRR ACCOUNT• It may take the form of saving deposit account that can be used for local 		
payments only.
• Such account will pay double interest of the minimum saving deposit rate
set by the National Bank of Ethiopia.
• Money can neither be transferred from this account to abroad nor 		converted from the local currency to any foreign currency.

30

Who are Eligible Applicants?
The following are eligible to use a Diaspora account:• Non-resident Ethiopian nationals living and working outside Ethiopia.
• Non-resident foreign nationals of Ethiopian origin.
• Companies owned by the above-mentioned non-residents and located 		
outside the Ethiopian territory for more than one year.
• Ethiopian nationals living and working abroad or in due process of 		living abroad for work for more than one year and who can produce 		authenticated documents.
How to Open the Account?
• Persons residing abroad can open the account in person or by post in 		
his/her name.
• Applicants who could not be physically presented to open the account 		
in the domestic banks can use the Ethiopian Embassies, Correspondent 		
Banks or nearby remittance service providers to prove their identities.
• Opening of a foreign currency account by Power of Attorney is not 		
allowed. However, Power of Attorneys is allowed to withdraw from these 		accounts provided that the Power of Attorney explicitly empowers 		
them to operate these accounts.
• An individual may open current account in only one of the domestic banks
whereas he/she may open fixed deposit accounts in more than one bank.

31How to Close the Account?
The following conditions may lead to closure of the Diaspora account:• Upon the request of the account holder.
• When the account holder starts to live in Ethiopia after completion of his/		
her stay abroad.
What are the Required Documents?
• Application forms properly filled and signed by the applicant.
• Ethiopians or foreign nationals of Ethiopian origin shall present valid 		
passport and/or identification card.
• For businesses, Certificates of ownership /entitlement for the organization
and/or Articles and Memorandum of Association.
Non-resident Foreign Currency Account (NR-F/CY)
The balance of this account is kept in foreign currency. The account holders
can withdraw money from this account in foreign currency upon presentationof travel documents (VISA and valid Air Ticket), without having a foreignexchange control permit. However, for the purpose of using the money here
in Ethiopia, the account holder withdraws in local currency (Birr) only.
Benefits
Gives better services to the diplomatic community and members ofinternational organizations by facilitating payment in both local and hardcurrencies.

32

Eligibility• Foreign Embassies, Legations and consulates.
• United Nations Organizations or African Union• Official members of Diplomatic Corps, holding diplomatic passports 		
and their equivalent working in different organizations and AU, 			
except Ethiopian nationals• Staff members of Foreign Embassies, UN organizations, etc
Documents required.
To open foreign currency account, an applicant must fulfil thefollowing:• His/her salary must be fully paid from foreign sources• Payments should be from other Non-resident or foreign currency 		
account holders• Permission is required from National Bank of Ethiopia• Deposits in local currency or local checks are not acceptable.
To withdraw from the account• A valid passport or an ID (Yellow Card) for Non-resident foreign 			
nationals of Ethiopian origin.
Non-Resident Transferable birr Account (NR)This account is the same as that of foreign currency account, except that thebalance is kept in local currency and withdrawal is made in Birr.

33

Benefits
Gives better services to the diplomatic community and members ofinternational organizations by facilitating payment in both local and hardcurrencies.
Eligibility• Foreign Embassies, Legations and Consulates.
• United Nations organizations or African Union• Official members of Diplomatic Corps, holding diplomatic passports and		
their equivalent working in different organizations and AU, except with		
Ethiopian nationals• Staff members of Foreign Embassies, UN organizations, etc.
Documents required
To open NR accounts the following requirements shall be fulfilled:• The applicant's salary must be fully paid from foreign sources.
• Payments should be from other NR or F/CY account holders.
• Permission is required from NBE.
• Deposits in local currency or local checks are not acceptable.
To withdraw from the account• A valid passport or an ID (Yellow Card) for Non-resident foreign nationals 		
of Ethiopian origin.

34

Non-Transferable Birr Account (NT)This account is a Birr account. The holder of this account can withdraw only
in Birr and, upon presentation of a foreign exchange permit. To buy foreign
currency from this account, he/she should have got a foreign exchange
permit form (OFP) after presenting confirmed air tickets and passports.
Benefits• Give better services to the diplomatic community and members of 		international organizations• Improve the means of payment for goods and services that the 			International Community may purchase in Ethiopia.
For further information, e-mail ebediaspora@combanketh.com
Tel. +251 115 519506, 251 115 157210, 251 115 530042

35

9.1. Bank Addresses to Open All Diaspora Accounts

1የኢትዮጵያ ንግድ ባንክ
Commercial Bank of Ethiopia

011 552 72 09
011 551 14 222የኢትዮጵያ ልማት ባንክ
Development Bank of Ethiopia

011 551 11 88
011 551 16 06
1900

3ኮንስትራክሽንና ንግድ ባንክ
Construction & Business Bank
011 551 23 00
011 551 51 03
3480

4

አዋሽ ኢንተርናሽናል ባንክ አ.ማ.
Awash International Bank S.C






011 662 78 28
011 661 29 19
011 662 77 65
12638

5

ዳሽን ባንክ አ.ማ.
Dashen Bank S.C.


011 466 13 80
011 465 30 37
12752

6

አቢሲኒያ ባንክ አ.ማ.
Bank of Abyssiniya S.C.


011 551 41 30
011 515 99 66
12947

7

ወጋገን ባንክ አ.ማ.
Wegagen Bank S.C

011 552 38 00
011 552 35 201018

8ህብረት ባንክ አ.ማ.
United Bank S.C.


011 465 52 22
011 465 52 43
19963

36

ንብ ኢንተርናሽናል ባንክ አ.ማ.
Nib International Bank S.C.






011 550 32 88
011 550 33 04
011 550 43 49
2439

10 አንበሳ ኢንተርናሽናል ባንክ አ.ማ.
Lion International Bank S.C

011 662 60 00
011 662 60 50
011 662 71 15

11 የኦሮሚያ ህብረት ሥራ ባንክ አ.ማ.
Cooperative Bank of Oromia S.C.


011 550 94 27
011 515 04 89
16936

12 ኦሮሚያ ኢንተርናሽናል ባንክ አ.ማ.
Oromia International Bank S.C.


011 156 17 31
011 156 15 8527530/1000

13 ዘመን ባንክ አ.ማ.
Zemen Bank S.C.







011 554 00 69/57
011 553 90 40
011 554 82 59
011 553 90 42
1212

14 ቡና ኢንተርናሽናል ባንክ አ.ማ.
Bunna International Bank S.C

011 158 08 28/27
011 515 83 141743 Code1110

15 ብርሃን ኢንተርናሽናል ባንክ አ.ማ.
Berhan International Bank S.C.


011 655 47 24
011 662 34 31
387 Code1110

16 አባይ ባንክ አ.ማ.
Abay Bank S.C

011 830 20 30
011 515 89 23
011 554 24 13

17 አዲስ ኢንተርናሽናል ባንክ አ.ማ.
Addis International Bank S.C.




011 662 76 71/91
58735

9

37

10. Formal Remittance Service in Ethiopia
Objectives• To improve the operations of the Formal remittance service in 			Ethiopia• To reduce the costs of remittance transfer system in Ethiopia• To increase access of international remittance service for Nationals 		
and make the service reliable, fast and safe.
What Does International Remittance Transfer by Nationals Mean?
• International Remittance Transfer by Nationals means monetary transfers 		
that overseas Ethiopians and foreign nationals of Ethiopian origin make		
money transfers to their home country through Remittance Service 		Providers (RSPs).
Who Are Remittance Service Providers (RSPs)?
• Remittance Service Providers are licensed transfer houses that provide 		
remittance service to customers either directly by banks via SWIFT or		
through money transferring agents working in association with banks.
What does SWIFT mean?
• SWIFT is a secured telecommunication system serving members andthe financial community. The word SWIFT represents Society for 			
Worldwide Inter-bank Financial Telecommunication. It is a reliable and 		less costly method to transfer money. All banks in Ethiopia use the 		
system to effect monetary transaction.

38

How banks communicate to settle remittance service transfers?
• Banks have two important secret codes called Bank Identifier Code 		(BIC) and International Bank Account Number (IBAN), which help them 		
to communicate and provide safe service. While the former is the unique 		address, which helps banks to identify the financial institutions during 		telecommunication messages, the latter is a code that uniquely identifies 		
an account held in correspondent banks.
What are the major features of contractual agreements among RSPs
and their agents?
• To minimize the cost of international remittance transfer service in Ethiopia
and to make market structure more commutative:• RSPS shall arrange non-exclusive conditions when making agency 		
agreements between them;• Contractual agreements between RSPs shall be renewed every two years
upon receipt of consent from NBE;
• RSPs shall charge zero or minimum tariff on remittance transfer service 		and shall disclose same including any change thereof to NBE;
• RSPs need to obtain approval from the NBE before entering into new 		
agency agreement with international money transferring operators.

What are the major types of international remittance transfer?
The following are the major transfer types contained in the international
remittance transfer:-

39

• Personal transfers• Money to be used for investment• International cash donations• Deposit and service payments• Temporary and permanent migrants transfer.
Where shall users of international remittance transfer system get
information concerning this service?
• Users of this system can obtain information from Access points such asa) Bank branchesb) Post officesc) NBE’s and commercial banks' and Ministry ofForeign Affairs websitesd) Brochurese) Telephone etc.
What are the major institutions eligible to provide low costinternational remittance service in Ethiopia?
The following institutions/organizations are legally eligible institutions toprovide low cost international remittance service in Ethiopia.
• International money transfers operators in association with banks, 		
which are licensed entities to provide money-transferring services 		internationally. These are Western Union, Money Gram, Maniflo, and		
Adam Funds etc;40

• Commercial banks, which are, licensed business organizations to 		provide financial intermediation;• Non-financial organizations, which are business organizations that are 		
allowed to engage in remittance services through their branches 			overseas. These are: Ethiopian Airlines (EAL) and Ethiopian Shipping		
Lines (ESL).
Is there any obligation that Remittance Service Providers should
fulfil?
Yes, to protect customers of this service, Remittance Service Providers(RSPs) have the following obligations:• Reveal terms and tariffs applicable to remittance service including their		correspondent bank, agent fees and other different types of service		
they provide;• Indicate the estimated time that it will take the money to reach the 		
receiver;• The exchange rate that RSPs employed to convert the foreign currency todomestic currency and vise- versa;• Facilitate remittance transfer service to their customers and provide the 		
service within 24 hours

41

What does RSPs present to NBE to get its consent?
• Official business license authenticated by the Ethiopian Embassy/		
counsellor abroad• Agency agreement signed between RSP and domestic commercial banks
For further information, please visit domestic commercial banks and theirbranches or call the contact person as indicated here.
National Bank of Ethiopia
Tel +251 115 517430, Fax +251 115 514588, P.O. Box: 5550,
Email: nbe.excd@ethionet.et4210.1. Remittance Service Providers (RSP'S) who Work in
Collaboration with Local Commercial Banks.
1. Wegagen Bank, S. C
Remittance service
providers (RSP’S)

Dollar range of amounts
transferred

Charges levied by thetransfer agents

Dahabshiil

0.5% on amount transferred

Express Money Transfer

3.3% of every transaction

KAAH Express

0.5% on amount transferred

Mustaqubal Transfer Service

0.5% on amount of transferred

Amal Express Money Transfer

0.5% on amount transferred

Cosmopolitan Ltd.

0.25% on amount transferred

Bahrain Financing Company

<$600

$4.00

$601-2500$9.00$2501-5000$17.00

Horaizon Exchange$ 1 per transaction

Quaran Express.

5% on amount transferred

Tewakal Money Transfer

0.5% on amount transferred

Olympic Ltd.

0.5% on amount transferred

ARY

<2500
>2500

$ 2 per transaction$ 2.50 per transaction43

2. Nib International Bank
Remittance service
providers (RSP’S)

Dollar range of amounts
transferredMoney Gram
Atlantic International

Addis International

Charges levied by thetransfer agents
22%<$10002%$1001 and above

1.50%

<$100

$5.00

$101-500

4%$5001 and above

2%

DERASH$ 5 flat

HODAN

1%

SAGAL

3%

Express Money-VIGO

<$100

$7.99

$100-500$9.99$500-1000$14.99$1000 and above2%

3. Commercial Bank of Ethiopia
Remittance service
providers (RSP’S)

Dollar range of amounts
transferred

Charges levied by thetransfer agents

LARI Exchange

20 Drham per transfer

Zenji Exchange

To be provided upon receipt

Alamoudi Exchange

10 Riyal per transfer

Western Union

See Western union’s website

44

4. United Bank S.C.
Remittance service
providers (RSP’S)

Maniflo Money Exchange

Dollar range of amounts
transferred

Charges levied by thetransfer agents

INC 1505%150.01-300.00

7%

300.01-400.00

9%400.01-500.00

10%

500.01-700.00

13%

700.01-900.00

15%

900.01-1000.00

17%

1000.01-2000.00

25%

3000.01-4000.00

40%

4000.00 and above

1.20%

5. Bank of Abyssinia
Remittance service
providers (RSP’S)

Adams Funds Transfer

Dollar range of amounts
transferred

Charges levied by thetransfer agents$ 1.00-$ 300.00$10.00 services, LLC$300.01-$500.00$15$500.01-$700.00$20.00$700.01-$900.00$25.00$900.01-$1200.00$35.00$1201.01-$1500.00$40.00$1501.01-$2000.00$50.00$2001.01-$2500.00$60.00$2501.01-$3000.00$70.00$3001.01-$4000.00$80.00$40001.01-$5000.00$100.00

45

6. Construction & Business Bank S.C.
Remittance service
providers (RSP’S)

Dollar range of amounts
transferredWestern Union Money Transfer

Charges levied by thetransfer agents15%

7. Dashen Bank
Remittance service
providers (RSP’S)

Dollar range of amounts
transferredWestern Union Money Transfer

Charges levied by thetransfer agentsSee Western Union’s website

8. Cooperative Bank of Oromia (S.C.)
Remittance service
providers (RSP’S)
Global Financial Exchange
Holding PLC

46

Dollar range of amounts
transferred

Charges levied by thetransfer agents
0.75%

11. Tax ID Number and Finger Print Requirement
The Ethiopian government proclamation number 286/94 required all tax
payers to register their businesses with the Ethiopian Custom and Revenue
Authority (ECRA) office, submit the business owner’s finger print, and obtaina Tax Identification Number (TIN). For Ethiopians living outside of Ethiopia
obtaining accurate and timely information to comply with this proclamation
has been rather difficult. This is an attempt to clarify the requirement, thetimeline for compliance, and provide other relevant information.
What is a Tax ID Number (TIN)?
TIN is a single unique Federal level Tax ID Number (much like a US SSN or
Employer ID Number) issued by the ERCA office in Ethiopia. Only one Tax
ID Number is required in Ethiopia regardless of the number or location ofbusinesses owned and operated.
Who needs to get a Tax ID Number?
The short answer is: every Ethiopian needs to get a TIN. More specifically, inthe short run, people who are earning a taxable income on a business or arental property in Ethiopia need to get a TIN and pay taxes. If you don’t earna taxable income in Ethiopia now but you are entertaining opening a businessor renting a real estate property in Ethiopia in the future, you are better off
submitting a finger print and getting a TIN at the earliest convenience.
Where does one get a Tax ID Number?
A TIN can be obtained by filling out a form and submitting a finger print at oneof the many ERCA branch offices located throughout the country.

47

What is the current finger print requirement status?
If you are an Ethiopian or Ethiopian origin living outside of Ethiopia and if you
already earn a taxable income in Ethiopia, meaning you are an owner of abusiness currently operating in Ethiopia under your name, then you should
already have some kind of TIN. The only thing missing is scanning your finger
print and attaching it to your existing TIN.
If you are an Ethiopian or Ethiopian origin living outside of Ethiopia and you
are in the process of making a new investment to open a new business in
Ethiopia, then you are required to submit a finger print scan and get a TIN
first. This has to be done as part of getting your business license.

48

12. The Grand Renaissance Dam Bond Guidelines
12.1. በውጭ ሀገር ገንዘቦች ለሽያጭ የቀረበየቦንዱ ዓይነት • ወለድ የሚከፈልበት ኩፖን ቦንድ• ወለድ የማይከፈልበት ኩፖን ቦንድየቦንዱ ስያሜ -ታላቁ የኢትዮጵያ ህዳሴ ግድብ ቦንድየቦንዱ ባለቤትና አቅራቢ- የኢትዮጵያ ኤሌክትሪክ ኃይል ኮርፖሬሽን

የቦንዱ ወኪል ሻጮች -የኢትዮጰያ ንግድ ባንክ እና ወደፊት የሚወከሉሌሎች ድርጅቶችቦንዱ ለሽያጭ የሚቀርብባቸው ቦታዎች -በኢትዮጵያ ንግድ ባንክ፣ኤምባሲዎች ወይም ቆንስላዎች ወይም ልዩ መልዕክተኛ ጽሕፈት እና ወደፊትየሚገለጹ ሌሎች ወኪሎችቦንዱ የሚከፈልበት ጊዜ የቦንድ ወለድ የሚከፈለው -የቦንዱ የጊዜ ገደብ ሲያበቃ፡፡
በየግማሽ ዓመቱ ፡፡ዋስትና - መንግሥት ለቦንዱ ሙሉ ዋስትና ሰጥቶታል፡፡የገቢ ግብር -ከቦንዱ ግዢ የሚገኝ የወለድ ገቢ ከግብር ነፃ ነው፡፡የባንክ ብድር- ቦንዱን አስይዞ ከሀገር ውስጥ ባንክ ብድር መውሰድ ይቻላል፡፡
የቦንድ ዋጋ
ዝቅተኛው የቦንድ ዋጋ (minimum bond value) በዶላር፣ ዩሮ እና ፓውንድስተርሊንግ 50 ሆኖ ባለ 100 ፣ 300 ፣ 500፣ 1,000 ፣ 3,000 ፣ 5,000 እና
10,000 ቦንዶችም ለገበያ ቀርበዋል፡፡

49

በተጨማሪነት ቅንስናሾችን ለማስተናገድ እንዲቻል በዶላር፣ ዩሮ እና ፓውንድስተርሊንግ ባለ 5 እና 1ዐ ዋጋ ያላቸው ቦንዶችም ለሽያጭ ቀርበዋል፡፡
ለምሳሌ አንድ ግለሰብ የ55 ዶላር ቦንድ መግዛት ቢፈልግ አንድ ባለ 50 ዶላርቦንድ እና ተጨማሪ ባለ 5 ዶላር ይሰጠዋል ማለት ነው፡፡የቦንዱ ሽያጭ የሚከናወነው በዶላር፣ ፓውንድ ስተርሊንግ፣ ዩሮ፣ ስዊዝፍራንክ፣ ሪያል፣ ድርሃም፣ ስዊድሽ እና ኖርዌይ ክሮነር እንዲሁም የኢትዮጵያንግድ ባንክ

በሚገበያይባቸው ሌሎች የውጭ ሀገር ገንዘቦች ይሆናል።

ከዶላር፣ ዩሮ እና ፓውንድ ስተርሊንግ ውጪ ሆነው ከላይ በተዘረዘሩት የውጭገንዘቦች በመጠቀም ግዢ የሚፈፅም ሰው በዕለቱ ባለው የውጭ ምንዛሪ ተቀይሮግዢ መፈፀም ይችላል፡፡ የየዕለቱን የምንዛሪ መጣኔ ከኢትዮጵያ ንግድ ባንክድረ-ገፅመመልከት ይቻላል፡፡

የቦንድ የክፍያ ጊዜ (maturity)የቦንዱ ዝቅተኛ የክፍያ ጊዜ 5 ዓመት ሲሆን ከፍተኛው ደግሞ 10 ዓመትነው፡፡የቦንዱ ወለድወለድ መታሰብ የሚጀምርበት ጊዜ፡የቦንዱ ወለድ መታሰብ የሚጀምረው ቦንዱ ከተገዛበት ወይም የቦንዱ ግዢከተፈፀመበት ቀን ጀምሮ ይሆናል፡፡
የወለድ መጣኔ
የሚከፈለው የወለድ መጣኔ የቦንዱን የክፍያ ጊዜ ያገናዘበ ሆኖ፡• 5 ዓመት የክፍያ ጊዜ ላለው ------------- LIBOR +1.25 በመቶ• ከ6-7 ዓመት የክፍያ ጊዜ ላላቸው ----- LIBOR+1.5 በመቶ• ከ8-10 ዓመት የክፍያ ጊዜ ላላቸው -- LIBOR+ 2.0 በመቶ ይሆናል፡፡
LIBOR፡ London Interbank Offer Rate ማለት በለንደን የገንዘብ ገበያ ባንኮች በየዕለቱ እርስ በእርሳቸው
የሚበዳደሩበት የወለድ መጣኔ ነው፡፡ ይህ መጣኔ ብዙ ባንኮች የራሳቸውን የወለድ መጣኔ ለመወሰን እንደመነሻ
የሚጠቀሙበት ነው፡፡ የLIBOR መጣኔን በኢትዮጵያ ንግድ ባንክ ድረ-ገፅ ላይ መመልከት ይቻላል፡፡

150

የወለድ አጠቃቀም
የወለድ ክፍያ የሚፈፀመው የቦንዱ ግዢ የተፈፀመበትን የምንዛሪ ዓይነትመነሻ በማድረግ በዶላር፣ ፓውንድ ስተርሊንግ እና ዩሮ ሲሆን ገዢው ወለዱን፡♦ በግንባር በመቅረብ ወይም በሕጋዊ ወኪል በኩልመውሰድ፣♦ ለሌላ ተጨማሪ ቦንድ ግዢ ማዋል♦ በውጭ ምንዛሪ ወይም በብር በሚከፍተው ሒሳብ ገቢሊያደርግ፣
♦ ለተለያዩ ክፍያዎች ሊጠቀምበት ይችላል፡፡ቦንድ ለመግዛት መሟላት የሚገባቸው ሁኔታዎችቦንድ የሚሸጠው ለኢትዮጵያዊ ወይም ትውልደ ኢትዮጵያዊ ብቻ ነው፡፡ትውልደ ኢትዮጵያ የውጭ ሀገር ዜጐች በተወላጅነት መታወቂያ

የቦንድግዢ መፈፀም ይችላሉ፡፡
ፓስፖርት ማቅረብ በማይቻልባቸው አካባቢዎች የሚኖሩ ኢትዮጵያውያን
በአቅራቢያቸው ከሚገኝ ኤምባሲ በተሰጠ የኮሚኒቲ መታወቂያ የቦንድ ግዢመፈፀም ይችላሉ፡፡
በመካከለኛው ምስራቅ የሚኖሩ ኢትዮጵያዊያን ፓስፖርታቸው በአሰሪዎችተይዞ የሚገኝ ከሆነ በአሰሪዎቻቸው አማካኝነት ግዢ መፈፀም ይችላሉ፡፡ከውጭ ምንዛሪ ሂሳባቸው ላይ የቦንድ ግዢ መፈፀም የሚፈልጉ ተወላጆች
ከሂሳባቸው ወጪ በማድረግ ቦንድ መግዛት ይችላሉ፡፡
ቦንዱን ለመግዛት አማራጭ መንገዶች

51የክፍያውን ገንዘብ በስዊፍት /SWIFT/ ወደ ኢትዮጵያ ንግድ ባንክ ማስተላለፍ
በኢትዮጵያ ንግድ ባንክ correspondent banks በኩልየኢትዮጵያ ንግድ ባንክ የSWIFT ግንኙነት ካላቸው 4ዐ ታላላቅ ባንኮች ጋርየ correspondent banking ግንኙነት አለው፡፡ እነዚህ ባንኮች በብዙ ሀገራትቅንጫፎች ያሏቸው በመሆኑ ማንኛውም ቦንድ ለመግዛት የሚፈልግ ሰው ወደእነዚህ ቅንጫፎች በመሄድ በቀላሉ ገንዘቡን ማስተላለፍ ይችላል፡፡
እነዚህን የCorrespondent banks በመጠቀም በዶላር ወይም ዩሮ ወይምፓውንድ ስተርሊንግ 5ዐዐ እና በላይ የሆነ የቦንድ ግዢ የሚፈፅም ከሆነየመላኪያ ገንዘቡ ሙሉ በሙሉ በመንግሥት የሚሸፈን ይሆናል፡፡
ክፍያው ለማከናወን የሚከተሉትን ቅደም ተከተሎች (steps) በመከተል
በቀላሉ መፈፀም ይቻላል፡፡ገዢው በቅድሚያ ወደ አቅራቢያው ባንክ በመሄድ ገንዘቡን በSWIFTበሚከተለው አድራሻ መላክ ይጠበቅበቃል፡፡
የዶላር አካውንት አድራሻCommercial Bank of Ethiopia, Churchil Avenue
Trade Service
Foreign Transfer NR/NT Accounts
Account No. 0270255774200
SWIFT Code:52

CBETETAAየዩሮ አካውንት አድራሻCommercial Bank of Ethiopia, Churchil Avenue
Trade Service
Foreign Transfer NR/NT Accounts
Account No. 2070255950700
SWIFT Code:CBETETAAየፓውንድ ስተርሊንግ አካውንት አድራሻCommercial Bank of Ethiopia, Churchil Avenue
Trade Service
Foreign Transfer NR/NT Accounts
Account No. 0470255944000
SWIFT Code:CBETETAAገዢው ገንዘቡን የላከበትን ደረሰኝ ኮፒ ከፓስፖርት ኮፒ ወይም የኮሚዩኒቲ
መታወቂያ ወይም የተወላጅነት ማረጋገጫ መታወቂያ ኮፒ ጋር አያይዞከሚከተሉት አማራጮች ውስጥ በመጠቀም ለኢትዮጵያ ንግድ ባንክ ይልካል፡፡
በኢትዮጵያ ንግድ ባንክ የe-mail አድራሻ(hidasebond@combanketh.com)
በኢትዮጵያ ንግድ ባንክ
ፖ.ሣ.ቁ ፡ 255
አዲስ አበባ
በአቅራቢያው በሚገኝ ኤምባሲ ወይም ቆንሲላ ወይም ልዩ መልዕክተኛ ጽ/ቤት ወይም በግለሰብ በኩልየኢትዮጵያ ንግድ ባንክ መረጃው እንደደረሰው ገንዘቡ በትክክል ገቢ መደረጉን
በማረጋገጥ ገዢው በመረጠው አድራሻቦንዱ እንዲደርሰው ያደርጋል፡፡

53

ገንዘቡ ስለመድረሱም የኢትዮጵያ ንግድ ባንክ ለገዢው በኢሜይል አድራሻው
ማረጋገጫ ይልክለታል፡፡
12.2. በብር ለሽያጭ የቀረበየቦንዱ ዓይነት :-ወለድ የሚከፈልበት ኩፖን ቦንድ፣ወለድ የማይከፈለበት ኩፖን ቦንድ፤የቦንዱ ስያሜ :- ታላቁ የኢትዮጵያ ህዳሴ ግድብ ቦንድ፣የቦንዱ ባለቤት:- የኢትዮጵያ መንግስት (የኢፌዲሪ የገንዘብና ኢኮኖሚ ልማትሚኒስቴር)፣
የቦንዱ አቅራቢ:- የኢትዮጵያ ልማት ባንክ፣ወኪል ሻጮች፡በሀገር ውስጥ፣ የኢትዮጵያ ንግድ ባንክ፣በውጭ አገር፣ የኢትዮጵያ ኤምባሲዎች/የቆንስላ ጽ/ቤቶች፣ወደፊት በሀገር ውስጥና በውጭ ሀገር በኢትዮጵያ ልማት ባንክ የሚወከሉሌሎች ድርጅቶች፣
ዝቅተኛ እና ከፍተኛ የቦንዱ መሸጫ ዋጋ :በሀገር ውስጥ ብር 50
በውጭ ሀገር ብር 500ከፍተኛ የግዥ መጠን፣ የጣራ ገደብ የለውም፣

2የገዢው ወይም የህጋዊ ወኪሉ አድራሻ ወይም በአቅራቢያው የሚገኝ ኤምባሲ ሊሆን ይችላል፡፡

54

ለሽያጭ የቀረቡ የቦንድ ዓይነቶች፣ባለ ብር 25ባለ ብር 1000ባለ ብር 100000

ባለ ብር 50ባለ ብር 3000ባለ ብር 200000

ባለ ብር 100

ባለ ብር 5000ባለ ብር 500000

ባለ ብር 300ባለ ብር 10000ባለ ብር 1000000

ባለ ብር 500ባለ ብር 50000

የቦንዱ የክፍያ ጊዜ:ከ1-5 ዓመት፣
ከ5 ዓመት በላይ፣ወለድ ለሚከፈልባቸው ቦንዶች የሚከፈለው የወለድ መጣኔ:ከ1-5 ዓመት የክፍያ ጊዜ ላላቸው 5.5 በመቶ፣
ከ5 ዓመት በላይ የክፍያ ጊዜ ላላቸው ቦንዶች 6 በመቶ፣ወለድ ለሚከፈልባቸው ቦንዶች የወለድ የክፍያ ጊዜ፡በየግማሽ ዓመቱ እ.ኤ.አ ጁን 30 እና ዲሴምበር 31 (በኢትዮጵያ አቆጣጠር
ሰኔ 22 እና ታህሳስ 22) ላይ ይሆናል፡፡ ይህም ወለድ በየወሩ እየተሰላ ቆይቶበየስድስት ወሩ ለቦንድ ገዥው ይከፈላል ወይም የቦንድ ገዥው በሀገር ውስጥየከፈተው የቁጠባ ሂሳብ ካለ በቀጥታ ገቢ ይደረግለታል፡፡ወለድ መታሰብ የሚጀምረው፣ ቦንዱ ከተገዛበት ቀን አንስቶ ነው፣ቦንዱ ዋና /principal/ ገንዘብ የክፍያ ጊዜ፡- በክፍያው ዓመት መጨረሻ /Maturity Date/ ላይ ይሆናል፡፡ቦንዱ የሚሸጠው ለማን ነው? ቅድመ ሁኔታዎቹስ?
ቦንዱን ለመግዛት የተቀመጠ ምንም ኣይነት ቅድመ ሁኔታ የለም፡፡ ማንኛውም
ኢትዮጵያዊ/ት እና ትውልደ ኢትዮጵያዊ/ት የሆነ ዕድሜ ሳይለይ በተዘጋጀው
የቦንድ የሽያጭ ቅጽ (ፎርም) ላይ የራሱን/ራሷን አጭር መረጃና አድራሻበማስመዝገብ የሚፈልገውን/የምትፈልገውን ያህል ቦንድ መግዛት ይችላል/ትችላለች፡፡

55

ኢትዮጵያ ውስጥ የሚኖር የውጭ አገር ዜጋ የህዳሴ ቦንድ መግዛት ከፈለገበብር ወይም በውጭምንዛሪ መግዛት ይችላል፡፡ ነገር ግን ወለድና ዋናውገንዘብ ለገዢው የሚከፈለው በሀገር ውስጥ ካለ እና በብር ብቻ ይሆናል፡፡ብዙ ሆነው የህዳሴ ቦንድ በጋራ መግዛት ለሚፈልጉ ቦንዱ ላይ “እነ አቶ/
ወ/ሮ---------“ ተብሎ ይሞላል፡፡ የቦንዱ ገዢዎች ስም ዝርዝርና ፊርማቸውተጽፎ ከሚሞላው የቦንድ ሽያጭ ቅጽ ጋር መያያዝ አለበት፡፡ ቦንዱ ላይየሚፈርመውን ሰው መርጠው/እሱም በተያያዘው የስም ዝርዝር ላይ መጠቀስአለበት/ቦንዱን ሊገዙ ይችላሉ፡፡ በየጊዜው የሚከፈለው ወለድና ዋና ገንዘብበማን ስም መሆን እንዳለበት ውክልና መስጠት ከፈለጉ ወይንም ሁሉምአንድ ላይ ቀርበው መውሰድ ከፈለጉ በዝርዝርሩ ውስጥ መጠቀስ አለበት፡፡
ቦንዱን ለመግዛት መሟላት የሚገባቸው ሁኔታዎች፣አቅመ አዳም/ሔዋን የደረሱ፡- የቀበሌ ወይም የመስሪያ ቤት መታወቂያ
ለሕፃናት፡- የልደት ካርድ፣ለተማሪዎች፡- የትምህርት ቤት ወይም የቀበሌ መታወቂያ፣በውጭ ሀገር ለሚኖሩ ኢትዩጵያዊያን፡- የኢትዮጵያ ፓስፖርት፣ ፓስፖርት
የሌላቸው የኮሙኒቲ መታወቂያ፣ውጭ ሀገር የሚኖሩ ትውልደ ኢትጵያውያን፡- ዜግነት የወሰዱበት ሀገርፓስፖርት እና የኢትዮጵያዊነት ማረጋገጫ መታወቂያ፣በውጭ ሀገር ለሚኖሩ አንድ ጉርድ ፎቶ ግራፍ (passport size) ማቅረብአለባቸው፡፡
የህዳሴ ቦንድ የመሸጫ ቦታበሀገር ውስጥ፣

56

በኢትዮጵያ ልማት ባንክ ዋና መሥሪያ ቤት፣ በሁሉም ቅርንጫፎቹና ንዑስቅርንጫፎቹ፣
በሁሉም የኢትዮጵያ ንግድ ባንክ ቅርንጫፎች፣
ወደፊት የኢትዮጵያ ልማት ባንክበውክልና እንዲሠሩ በሚመርጣቸው

ተቋማት፣በውጭ ሀገር፣
በኢትዮጵያ ኤምባሲዎች/በቋሚ መልዕክተኛ ጽ/ቤቶች/በቁንጽላ ጽ/ቤቶች፣ወደፊት ባንኩ በውጭ ሀገር ቦንዱን እንዲሸጡ በሚወክላቸው ተቋማት፣
የህዳሴ ቦንድ የባለቤትነት ወይም ግዢ ማረጋገጫቦንድ ገዥው የገዛውን የህዳሴ ቦንድ መጠን የሚያሳይ ኩፖን ከሽያጭ ቅፁዋናው ኮፒ ጋርይሰጠዋል፣ቦንድ ገዥው የገዛውን ቦንድ ኩፖን ሻጩ ዘንድ ማስቀመጥ ቢፈልግ ሻጭየመረካከቢያ

ሰነድ(ሰርቲፊኬት)

ፈርሞ

ለገዥው

በመስጠት

ኩፖኑን

ያስቀምጥለታል ወይም ወደሚቀመጥበት ቦታ ይልካል፣ቦንድ ገዥው በራሱ ፍላጐት ላይ ተመስርቶ ሀገር ውስጥ ባሉት በየትኛውምባንክ ዘንድ በብር ሂሳብ ከፍቶ በየስድስት ወሩ የሚከፈለው ወለድና ዋናውገንዘብ ሲመለስለት ገንዘቡ በሂሳቡ ውስጥ እንዲገባለት ባንኩን/ወኪሉን ማዘዝይችላል፡፡በውጭ አገር ለሚኖሩ የህዳሴ ቦንድን ለመግዛት አማራጭ መንገዶችበውጭ ሀገር የሚኖሩ ኢትዮጵያውያን/ትውልደ ኢትዮጵያውያን የህዳሴ ቦንዱንኢትዮጵያ በምትገበያይባቸው የውጭ ምንዛሪ ገንዘቦች መግዛት ይችላሉ፡፡

57

በየስድስት ወሩ ወለድና ዋናው ገንዘብ ተመላሸ ተደርጐ የሚከፈላቸው ግንበብር ነው፡፡ ቦንዱ በውጭ አገር ገንዘቦች ሲገዛ በዕለቱ በዋለው የውጭ ምንዛሪተመን /Exchange Rate/ ተሰልቶ ይሆናል፡፡
የክፍያውን ገንዘብ በስዊፍት /SWIFT/ ወደ ኢትዮጵያ ንግድ ባንክ ማስተላለፍ
ክፍያውን ለማከናወን የሚከተሉትን ቅደም ተከተሎች (steps) በመከተል
በቀላሉ መፈፀም ይቻላል፡፡ገዢው በቅድሚያ ወደ አቅራቢያው ባንክ በመሄድ ገንዘቡን በSWIFTበሚከተለው አድራሻ መላክ ይጠበቅበታል፡፡
የዶላር አካውንት አድራሻCommercial Bank of Ethiopia, Churchil Avenue
International Banking Trade Service
Foreign Transfer NR/NT Accounts
Account No. 0270255984700
SWIFT Code:CBETETAየዩሮ አካውንት አድራሻCommercial Bank of Ethiopia, Churchil Avenue
Trade Service
Foreign Transfer NR/NT Accounts
Account No. 2070255984700
SWIFT Code:58

CBETETAየፓውንድ ስተርሊንግ አካውንት አድራሻCommercial Bank of Ethiopia, Churchil Avenue
Trade Service
Foreign Transfer NR/NT Accounts
Account No. 0470255984700
SWIFT Code:CBETETAገዢው ገንዘቡን የላከበትን ደረሰኝ ኮፒ ከፓስፖርት ኮፒ ወይም የኮሚዩኒቲ
መታወቂያ ወይም የተወላጅነት ማረጋገጫ መታወቂያ ኮፒ ጋር አያይዞከሚከተሉት አማራጮች ውስጥ በመጠቀም ለኢትዮጵያ ንግድ ባንክ ይልካል፡፡
በኢትዮጵያ ንግድ ባንክ የe-mail አድራሻ (hidasebond@combanketh.com)
በኢትዮጵያ ንግድ ባንክ የፖስታ አድራሻለኢትዮጵያ ንግድ ባንክ
ፖ.ሣ.ቁ ፡ 255
አዲስ አበባ
አቅራቢያው በሚገኝ ኤምባሲ ወይም ቆንሲላ ወይም ልዩ መልዕክተኛ ጽ/ቤትወይም በግለሰብ በኩልየኢትዮጵያ ንግድ ባንክ መረጃው እንደደረሰው ገንዘቡ በትክክል ገቢ መደረጉን
በማረጋገጥ ገዢው በመረጠው አድራሻቦንዱ እንዲደርሰው ያደርጋል፡፡

ገንዘቡ ስለመድረሱም የኢትዮጵያ ንግድ ባንክ ለገዢው በኢሜይል አድራሻው
ማረጋገጫ ይልክለታል፡፡

59

13. Address for Federal and Regional Offices
No

Office Name

Tel. Numbers

Town

1

Afar Regional State President+251336660056

Semera2

Afar Regional State Vice
President Office+251336660049

Semera3

Afar Regional State President
Office+251336660058

Semera4

Tigray Regional State
President Office+251344409192+251344407723

Mekele5

Tigray Regional State
Investment Office+251344408522+251914720348+251344408403

Mekele6+251256660452
Harari Regional State President+251915743096
Office+251256661799

Harari

7

Harari Regional State
Investment Office+251256663033+251915745833+251256671427

Harari8

Harari Regional State Tradeand Industry Office+251256660110+251915743619+251256664254

Harari9

Amhara Regional State
President+251582200923+251582201068

Bahar Dar

10

Amhara Regional State Vice
President Office+251582200222+251582201068

Bahar Dar

11

Amhara Regional State
President Office+251582200499+251582201665

Bahar Dar

60

Remarkse.mailinvest@ethionet.etNo

Office Name

Tel. Numbers

Town

Remarks

12

Amhara Regional State
Environment and Land
Administration Authority+251582182164+251582202275

Bahar Dar

13

Amhara Regional State Tradeand Industry Office+251582204122+251582201063

Bahar Dar

14

Amhara Regional State
Investment Promotion Office+251582200640+251582202033

Bahar Dar

15

Amhara Regional State Urban
and Development Office+251582200630+251582202457

Bahar Dar

16

Amhara Regional State Culture +251582201133
and Tourism Office+251582202650

Bahar Dar

17

SNNP Regional State Diaspora
and communication Office

Hawassa18

Oromia Regional State
Diaspora coordination Office19

Oromia Regional State
Investment Commission+251115531521+251115531520

Addis
Ababa

P.O.Box8770

20

Benishangul Gumuz Regional
State President Office+251577750109+251577750841

AssosaP.O.Box44

21

Benishangul Gumuz Regional
State Vise President Office+251577750117+25157775084

Assosa22

Benishangul Gumuz Regional
State Investment Office+251577750128+251577750271

AssosaP.O.Box120

23

Benishangul Gumuz Regional
State Communication, Culture
Tourism and Social Affairs
Office+251577750873+251577750286

AssosaP.O.Box289/4924

Benishangul Gumuz Regional
State Investment promotion
and Research Office+251577750910+251577750271

AssosaP.O.Box120+251462202407+251462206189

Addis
Ababa

61

No

Office Name

Tel. Numbers

Town

25

Gambela Regional State
Diaspora Coordination Office+251475511549

Gambela26

Somali Regional State
Diaspora Coordination Office+251257752187+251257752622

Jijiga27

Dre Dawa City Administration
Diaspora Coordination Office

Dre Dawa

28

Dre Dawa City Administration
Mayer

Dre Dawa

P.O.Box248

29

Dre Dawa City Administration
Mayer Office

Dre Dawa

P.O.Box24030

Dre Dawa City Administration
Trade and Industry Office

Dre Dawa

31

Dre Dawa City Administration
Manager Office

Dre Dawa

32

Dre Dawa City Administration
Land Development Authority

Dre Dawa

33

Dre Dawa City Administration
Infrastructure and Construction
OfficeDre Dawa

34

Dre Dawa City Administration
Investment Department

Dre Dawa

35

Addis Ababa City
Administration Investment

Addis
Ababa

62

Remarks

Federal Offices
No

Office Name

Tel. Numbers

Fax Numbers

1

Prime Minster office+251 111502044 +251 111241194

2

President office+251 005515546 +251 115512041

3

Counsel of People Representatives+251 111241010

4

Counsel of Federation+251 111223322+251 111242306

5

Ministry of Foreign Affairs+251 115517345 +251 115514300

6

Ministry of Finance and Economy+251 111552400 +251 111560124+251 112550107 +251 111551355

7

Ministry of Defense+251 115511772+251 115511200+251 115534614

8

Ministry of Agriculture+251 115518040+251 115536341+251 115522261

9

Ministry of Works and Urban
Development Ministry of Industry+251 111552800 +251 115541268

10

Ministry of Trade+251 115518025+251 115515411+251 115513990

11

Communication Affairs Office+251 115535363

12

Ministry of Civil Service+251 111552800+251 111239889+251 111564778

13

Ministry of Justice+251 115515099+251 115517775+251 115513620

14

Ministry of Education+251 111553133+251 111550877+251 111552922

15

Ministry of Health+251 115517011 +251 115516378+251 115516378 +251 115513301

16

Ministry of Labor and Social Affairs+251 1155170/80-84+251 115515316+251 115534806

17

Ministry of Mine+251 116463357 +251 116463364

63

No

Office Name

Tel. Numbers

Fax Numbers

18

Sport Commission+251 115519399 +251 115513899

19

Ministry of Culture and Tourism+251 115517020 +251 115512889

20

Ministry of Energy+251 116463166

21

Ministry of Science and Technology+251 115526962 +251 115518329

22

Ministry of Transport+251 115518292+251 115515665+251 115531770

23

Ministry of Women and Children Affairs +251 114166375 +251 114663995

24

Ministry of Federal Affairs+251 111241036 +251 111241007

25

Inlamd Revenue and Custome
Authority+251 114667466+251 114662628+251 115520332

26

Social Security Agency+251 111223810

27

Federal Police Commission+251 115510380

28

Investment Agency+251 115510033

29

Ethiopian Quality and Standard
Authority+251 116460111

30

Privatization Agency+251 115521833

31

Commercial Bank of Ethiopia+251 115515004

32

Ethiopian Airlines+251 116652222

33

National Bank of Ethiopia+251 115513859

34

Ethiopian Radio and Television
Organization+251 115516977/157215

35

Ethiopian Press Organization+251 111572525+251 111569883

36

Ethiopian News Agency+251 111550011

64+251 113496262

Offices/Organization Websites
Offices

WebsiteCentral Statistics Agency

www.csa.gov.et

Customs and Revenue Authority

www.mor.gov.et

Drug Administration and Control Authority of Ethiopia

www.daca.gove.etEnvironment Protection Authority

www.epa.gov.et

Ethiopia Chamber of Commerce and Secteral Ass.

www.ethiopianchamber.com

Ethiopia Radio and Television Agency

www.erta.gov.et

Ethiopian Agricultural Research Org

www.earo.org.et

Ethiopian Business Development Service Networkwww.bds-ethiopia.net

Ethiopian Electric Power Corporationwww.eepco.gov.et

Ethiopian Horticulture Producer Exporters Association www.ehpea.org
Ethiopian Insurance Corporation

www.telecom.net/~eic

Ethiopian Leather Industries Associationwww.elia.org.et

Ethiopian Leather Industry( ELICO)

www.telecom.net/~elico

Ethiopian Map Authority

www.telecom.net/~emp

Ethiopian Maritime and Transit Services Enterprisewww.telecom.net.et/~mtse

Ethiopian News Agency

www.ena.gov.et /Telecom.net.et/~ena

Ethiopian Privatization Agency

www.telecom.net/~epa

Ethiopian Red cross society

www.redcross.org .et

Ethiopian Road Authority

www.era.gov.et65Offices

WebsiteEthiopian Science and Technology Commission

www.telecom.net .et /~estc

Ethiopian Telecommunication Agency

www.eta.gov.et

Ethiopian Textile and Garment Manufacturers’ Ass.

www.etgama.org

Federal Ministry of Healthwww.moh.gov.et

Ministry of Culture and Tourism

www.tourismethiopia.org

Ministry of Educationwww.moe.gov.et

Ministry of Finance and Economic Development

www.mofed.gov.et

Ministry of Foreign Affairs

www.mfa.gov.et

Ministry of Infrastructurewww.moi.gov.et

Ministry of Justicewww.mojet.gov.et

Ministry of Trade and Industry

www.niin.gov.et

National Agricultural Input Authority

www.naia.gov.et

National Archives and Library of Ethiopia

www.nale.gov.et

National Computers and Information Center

www.telecom.net.et/~ncic

National Metrological Agency

www.ethiomet.gov.et

National Urban Planning Institutewww.nupi.gov.et

Parliament of the Federal Republic of Ethiopia

www.ethiopar.net

Transport Construction Design Enterprisewww.telecom.net.et/~tcsde

66

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