Council of Ministers Regulation No. 116/2005 “Development Bank of Ethiopia Reestablishment” Amendment Regulations | GOALGOOLE | Because you need Information for your goals !
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Council of Ministers Regulation No. 116/2005 “Development Bank of Ethiopia Reestablishment” Amendment Regulations

COUNCIL OF MINISTERS REGULATION No. 116/2005
DEVELOPMENT BANK OF ETHIOPIA
RE-ESTABLISHMENT AMENDMENT REGULATION

This Regulation is issued by the Council of Ministers Pursuant to Article 5 of the definition of Power and duties of the executive organs of the Federal Democratic Republic of Ethiopia Proclamation No. 4/95 and Article 47 sub Article 4 of the Public Enterprises Establishment Proclamation No. 25/92
1.    Short Title
This Regulation may be cited as the “Development Bank of Ethiopia Reestablishment Amendment Regulation No. 116/2005”.
2.    Amendment
The Development Bank of Ethiopia Re-establishment Council of Ministers Regulation No. 83/2003 Article 7 is amended as follows:
“7 – Capital
The authorized capital of the Bank is Birr 3,000,000,000 (three billion) of which Birr 1,800,000,000 (one billion eight hundred million) is paid up in cash.
3.    Effective Date
This Regulation Shall come into force on the 24th day of May 2005
Done at Addis Ababa, this 24th day of May 2005

Meles Zenawi
Federal Democratic Republic of Ethiopia
Prime Minister
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