Limits on Board Remuneration and Number of Employees Who Sit on a Bank Board (Directive No. 193/2021)
This directive amends previous regulations concerning the remuneration of bank directors and the eligibility of bank employees to sit on a bank's board. It sets limits on annual board compensation and monthly allowances for directors, and prohibits any bank employee, whether permanent or contractual, from serving on a bank's board.
Licensing and Supervision of Banking Business Contribution in Kind (Directive No. 197/2021)
This directive outlines the conditions and valuation methods for accepting contributions in kind as capital for banking businesses in Ethiopia.
Risk Based Internal Audit (Directive No. 196/2021)
This directive establishes a risk-based internal audit methodology for banks operating in Ethiopia, aiming to enhance the soundness of the banking system, improve the effectiveness of internal control, and strengthen corporate governance.
Licensing and Supervision of Banking Business Limitation on Accommodation (Directive No. 199/2021)
This directive limits the amount of unsecured loans, advances, or credit facilities that banks can grant, directly or indirectly, without prior written approval from the National Bank of Ethiopia. The limit is set at an aggregated amount not exceeding Birr 30,000 to directors or persons for whom directors are guarantors.
Cheque Account Operation Directive No. 190/2021
This directive establishes rules for the operation of cheque accounts to ensure the safety and credibility of cheques as a payment instrument. It details procedures for banks when cheques are dishonored, including penalties and account closure for repeated offenses. It also outlines conditions for account reopening and reporting requirements.
Foreign Currency Intermediation by Banks (Directives No. 191/2021)
This directive establishes rules for banks in Ethiopia to engage in foreign currency intermediation, allowing them to borrow from external sources and lend to foreign currency generating activities within Ethiopia. It outlines conditions for external borrowing, utilization of acquired foreign currency, and prudential and reporting requirements for banks.
Telecommunications Quality of Service Directive No. 794/2021
This directive establishes Quality of Service (QoS) standards for telecommunications operators in Ethiopia. It outlines technical and non-technical parameters for various services, including fixed line, mobile voice and SMS, broadband internet, VoLTE, interconnection, and infrastructure. The directive specifies measurement methods, reporting requirements, auditing procedures, and compliance enforcement, including penalties for contraventions. Its aim is to ensure consumers receive a defined quality of service and to promote fair competition.
Telecommunications Lawful Tariffs Directive No. 797/2021
This directive establishes a framework for assessing the lawfulness of tariffs, intervening to set tariffs, and reviewing tariffs of Telecommunications Operators in Ethiopia. It also clarifies the procedures for operators to notify the Authority about changes or introductions of new tariffs, aiming to prevent unlawful charges.
Telecommunications Licensing Directive No. 792/2021
This directive establishes a licensing framework for telecommunications services, systems, and infrastructures in Ethiopia, outlining requirements, processes, and conditions for obtaining, renewing, and managing various types of licenses. It aims to ensure an effective and efficient licensing process.
Telecommunications Licensing Directive No. 792/2013
This directive establishes a legal framework for the Ethiopian Communications Authority to issue licenses for telecommunication services, infrastructure, and operations, ensuring an effective and efficient licensing process.
Telecommunications Infrastructure Sharing And Collocation Directive No. 793/2021
This directive establishes a framework for telecommunications infrastructure sharing and collocation in Ethiopia. It aims to optimize the use of network infrastructure, reduce duplication of investment, protect the environment by limiting tower proliferation, and enhance competition among telecommunications operators. The directive outlines procedures, principles, and roles for the Ethiopian Communications Authority and affected entities in managing access agreements, charges, and dispute resolution.
Directive for the Administration of Civil Society Fund (Directive No. 848/2014)
This directive establishes and outlines the administration of the Civil Society Fund, managed by the Authority for Civil Society Organizations. It details the fund's objectives, principles, organizational structure, selection criteria for beneficiaries, application procedures, funding sources, monitoring and evaluation mechanisms, and grievance resolution processes. The fund aims to support indigenous Civil Society Organizations that promote volunteerism, contribute nationally, and work with vulnerable community members.
Modified International Remittance Service (Directive No. 841/2021)
This directive amends the International Remittance Service Directive No. 841/2021 to improve the operations of formal remittance transfer systems in Ethiopia by reducing costs, increasing access to reliable services, and facilitating foreign currency inflow. It outlines eligibility, obligations for representatives, requirements for dealing with international money transfer service providers, application procedures, prohibitions, settlement processes, transparency, promotion, record-keeping, reporting, inspection, and penalties.
Warehouse Receipt System (Directive No. 835/2014)
This directive establishes the Warehouse Receipt System by outlining procedures for issuance, reporting, quality standards, and operational requirements for warehouse operators. It aims to facilitate trade, improve access to finance for farmers, and reduce post-harvest losses.
Investing in Development Bank Bond (Directive No. 826/2021)
This directive establishes the 'Investing in Development Bank Bond Directive No. 826/2021' to facilitate the issuance of Development Bank Bonds by the Development Bank of Ethiopia to support economic growth. It mandates that insurance and reinsurance companies invest a minimum of 15% of their net income in these bonds within 90 days of their financial year-end.