OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 11 Year No. 30 Addis Ababa 245 May , 2005 CONTENTS Council of Ministers Regulation No. 116/2005 “ Development Bank of Ethiopia Reestablishment Amendment Regulations Page 3097 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 70-0 ww27 Ethiopia Proclamation No. 4/95 and Article 47 sub Article 4 of the Public Enteprises 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 Brr 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 24h day of May 2005 Federal Democratic Republic of Ethiopia Prime Minister Unit Price The African Law Archive