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
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