The Protection of Non-Economic Interest in Investment: The Case of Ethiopian Investment Laws

International Journal of Research and Innovation in Social Science (IJRISS) | Volume II, Issue VII, July 2018 | ISSN 2454-6186

The Protection of Non-Economic Interest in Investment: The Case of Ethiopian Investment Laws

Mezgebu Abye Zewdu

 Assistant Lecturer of Law, School of Law, Mizan-Tepi University, Ethiopia
LL.B, University of Gondar, LL.M Candidate in Business and Corporate Law, Bahirdar University

Abstract:-The main purpose of this paper is to analyze the protection of non-economic interest groups under Ethiopian investment laws. In international perspective; there are many non economic interest groups and they may be protected differently in different investment laws. Ethiopia is not also an exception to this fact and there are many non economic interests in Ethiopia which seek the protection of investment laws. But there are many problems under Ethiopian investment laws and the practice with regard to giving protection to the non economic interests. They are not well protected and face challenges from the investors in the time of doing their investment activities. Such kinds of activities may be endangering for healthiness and security of non economic interests.
Finally this paper concludes that Ethiopia had better amend investment laws and follow up its practice on the protection of non economic interests in the investment.

Key words: Investment, non-economic interest, proclamation, Ethiopia

I. INTRODUCTION

States in the world have objectives to bring economic development. To achieve this objective, they allowed different investors to conduct different investment activities in their different economic sectors. As we know investment in general has the ultimate goal to accelerate the economic development of a country and improve the living standards of its people .To conduct investment activities to achieve the said goals, investors particularly foreign investors may be encouraged to expand investment, strengthening domestic production capacity increasing the inflow of capital, and speeding up of transfer of technology to the host country . Even if the country has the objective of bringing economic development as a whole but there are other non economic interests that cannot be seen separately from the economic interests such as human rights, environment protection, social protection and political sovereignty in general. One or in another way these non economic interests have close relationship with the economic interest i.e. with investment. But there are many problems which arise from the investment activities that are against these non economic interests.

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