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