A capitalizing reserve is one of the mechanisms of increasing capital in share companies. In simple terms, it is the conversion of the reserves of the companies into shares (equity). But if no new money is not injected into the company, how can we say that it is a means to increase the capital of...Read More
Introduction On September 15, 2022, the National Bank of Ethiopia issued Directive No. SIB 57/2022 on Minimum Paid-up Capital for Insurance Company (the Directive) which replaces Minimum Paid-up capital for Insurers Directive Number 34/2013. Increased Minimum Paid-up Capital RequirementGeneral Insurance License A general insurance license now requires 400 million birr as the minimum paid-up...Read More
Recent Comments