Investment on Development Bank of Ethiopia Bonds (Directive No. 825/2021)
This directive establishes requirements for commercial banks in Ethiopia to invest in Development Bank of Ethiopia (DBE) Bonds to secure stable, long-term funding for development projects, sourced from the domestic market.
Directive for Amendment of Retention and Utilization of Export Earnings and Inward Remittances (Directive No. 828/2021)
This directive amends previous regulations on the retention and utilization of export earnings and inward remittances, outlining new rules for foreign exchange retention accounts, surrender requirements, and account utilization for eligible exporters and remittance recipients.
Foreign Exchange Surrender Requirements of Banks (as Amended) (Directive No. 829/2021)
This directive amends the foreign exchange surrender requirements for banks, mandating them to surrender 50% of specific foreign exchange receipts to the National Bank of Ethiopia monthly and report their foreign exchange cash flow weekly. It also outlines penalties for non-compliance and repeals a previous directive.
Licensing and Authorization of Interest Free Micro-financing Business (Directive No. 824/2021)
This directive establishes the framework for licensing and authorizing interest-free microfinancing businesses in Ethiopia, ensuring they operate safely and soundly according to Islamic law principles.
Open Market Operations and Standing Facilities (Directive No. 790/2021)
This Directive establishes Open Market Operations and Standing Facilities as instruments for effective management of liquidity in the financial system to conduct monetary policy. It outlines the scope, eligible participants, eligible collateral, and various operations including NBE Certificates issuance, collateralized loans, repo/reverse repo transactions, outright transactions, deposit-taking operations, and standing facilities. It also details auction procedures, settlement, events of default, penalties, and prohibited actions.
Medicine Good Manufacturing Practice (GMP) Inspection Procedure (Directive No. 830/2021)
This directive outlines the procedures for conducting Good Manufacturing Practice (GMP) inspections for pharmaceutical manufacturing plants, both local and foreign. It details the types of inspections, inspector qualifications, application procedures, and administrative measures for compliance and handling complaints.
Requirements for Persons With Significant Influence in a Bank (2nd Replacement) (Directive No. 789/2021)
This directive, a second replacement of Directive No. 789/2021, outlines the requirements for persons with significant influence in a bank in Ethiopia, focusing on fit and proper criteria related to knowledge, experience, integrity, and financial soundness. It also details the National Bank of Ethiopia's powers to conduct ongoing tests and take actions, as well as notification requirements and documents to be submitted.
Capital Goods Finance Operational Modality (Amendment) (Directive No. 788/2021)
This directive amends the minimum paid-up capital requirements for banks in Ethiopia, increasing it to Birr 5 Billion for new banking licenses and providing transitional provisions for existing banks, banks under formation, and microfinance institutions seeking to become banks. It also repeals Directive Number SBB/50/2011.
Telecommunications National Roaming Wholesale Sales Guide Explanatory Document (Directive No. 800/2021)
This directive establishes a framework for Wholesale National Roaming Service agreements between Telecommunications Operators in Ethiopia. It aims to provide clarity on regulations, create a level playing field for new licensees, and enhance competition by lowering barriers to entry and expansion.
Directives for Amendment of External Loan and Supplier’s Credit (Directive No. 801/2021)
These directives amend the External Loan and Supplier’s Credit Directives No. FXD/47/2017. They regulate the procedures for registration of external loans and supplier's credits, setting conditions, requirements, and all-in-cost ceilings for eligible borrowers including exporters, foreign investors, and manufacturing sectors. The directives also specify conditions for loan approval, registration, and repayment, and repeal the previous directive.
Health Professionals’ Registration and Licensing Directive No. 770/2021
This directive establishes a standardized national system for the registration, licensing, administration, and control of health professionals. It outlines the requirements for obtaining professional licenses, procedures for renewal, and grounds for suspension or cancellation of licenses.
Foreign Investors Investment Participation in Restricted Expenditures, Revenues, Wholesale and Retail Businesses (Directive No. 1001/2016)
This directive outlines the conditions and requirements for foreign investors participating in previously restricted expenditure, revenue, wholesale, and retail business sectors in Ethiopia. It aims to gradually open these sectors to foreign investors with experience and capacity, while promoting domestic investment and ensuring fair competition. The directive details specific eligibility criteria, including capital requirements, market access, and operational commitments for various sub-sectors like coffee export, oilseed export, pulses export, hides and skins, forest products, livestock, and retail businesses (supermarkets, hypermarkets, malls). It also establishes responsibilities for relevant government bodies in implementing and overseeing these new investment opportunities.
Establishment and Operation of Foreign Currency Account for Non-Resident Ethiopians and Non-Resident Ethiopian Origin (As Amended) (Directive No. 784/2021)
This directive, as amended, outlines the procedures and conditions for non-resident Ethiopians and non-resident foreign nationals of Ethiopian origin to open and operate foreign currency accounts in Ethiopian banks. It aims to incentivize diaspora to maintain foreign currency in Ethiopia, thereby supporting domestic investment and the country's foreign exchange reserves.
Directives for the Registration of Construction Professionals and Contractors(Amended) (No. 718/2021)
Amends the Directives for the Registration of Construction Professionals and Contractors.
Directives for the Registration of Design Professionals and Consultants (Amended) (Directive No. 717/2021)
This document contains the amended directives for the registration of design professionals and consultants, issued by the Ministry of Urban Development and Construction.