Transparency in Foreign Currency Allocation and Foreign Exchange Management (Directive No. 53/2020 as Amended) (Directive No. 776/2021)
This directive amends and consolidates transparency in foreign currency allocation and foreign exchange management, outlining responsibilities of banks' boards and executive management, internal audit procedures, foreign exchange allocation priorities, prohibited actions, reporting requirements, and penalties for non-compliance. It aims to ensure efficient and transparent management of scarce foreign exchange resources.
The Retention and Utilization of Export Earnings and Inward Remittances (Directive No. 67/2020)
This directive amends previous regulations on the retention and utilization of export earnings and inward remittances, establishing new rules for foreign exchange retention accounts for eligible exporters and remittance recipients.
Financial Consumer Protection (Directive No. 292/2021)
This directive establishes regulations for financial consumer protection, aiming to foster trust, confidence, and ethical conduct within the financial system. It details requirements for fair treatment, transparency, product design, data protection, and complaint handling mechanisms for financial service providers.
Requirements for Relicensing a Microfinance Institution as a Bank (Directive No. 297/2020)
This directive outlines the requirements for microfinance institutions seeking to relicense as banks in Ethiopia. It details the conditions, procedures, and standards that must be met to transition from microfinance operations to full banking services.
Ethiopia Commodity Exchange Internal Rules Amendment (Directive No. 558/2021)
This directive amends the Revised Internal Rules of the Ethiopia Commodity Exchange No. 554/2021, introducing new sub-articles, renumbering existing ones, and modifying specific provisions related to membership, trading, dispute resolution, and quality control for commodities, particularly coffee.
Ethiopia Commodity Exchange Internal Rules Amendment (Directive No. 559/2021)
This directive amends the Revised Internal Rules of the Ethiopia Commodity Exchange (ECX) No. 558/2021. Key amendments include the addition of definitions for 'Commercial Farmers' and 'Processors', the establishment of 'Regional Electronic Trading Centers', and revised financial requirements and fees for Non-member Direct Traders, with specific provisions for those trading exclusively at Regional Electronic Trading Centers.
Manner of Equity Investment by Foreign Nationals of Ethiopia Origin or Organization in Microfinance Business (Directive No. 302/2020)
This directive outlines the rules and regulations concerning equity investment by foreign nationals of Ethiopian origin or organizations in the microfinance business within Ethiopia.
Manner of Equity Investment by Foreign Nationals of Ethiopian Origin in Banks (Directive No. 101/2020)
This directive outlines the manner in which foreign nationals of Ethiopian origin can invest in banks.
Establishment and Operation of Foreign Currency Account for Non-Resident Ethiopians and Non-Resident Ethiopian Origin (As Amended) Directive No. 610/2021
This directive establishes and outlines the procedures for opening and operating foreign currency accounts for non-resident Ethiopians and non-resident Ethiopian-origin individuals and businesses. It details eligibility criteria, account types, permitted currencies, crediting and usage rules, closure procedures, interest rates, and incentives, while also specifying prohibited actions and penalties for violations. It replaces Directive No. FXD/55/2018.
Transfer NBE’s Foreign Exchange Functions to Commercial Banks (Amendment) (Directive No. 69/2020)
This directive amends Directive No. 50/2020 by modifying the requirements for import and export authorization, specifically concerning the value thresholds for requiring International Competitive Bid (ICB) documents and outlining exceptions. It also repeals Article 4 of Directive No. FXD/07/1998 and Directive No. FXD/13/2000.
Cooperative Organizational Directive No. 896/2022
This directive outlines the organizational framework, operational procedures, and regulatory requirements for cooperatives in Ethiopia. It covers aspects such as the establishment of cooperatives, membership criteria, rights and obligations of members, organizational structure, financial management, auditing, dispute resolution, and dissolution.
Manner of Equity Investment by Foreign Nationals of Ethiopian Origin and Organizations in Payment Instrument Issuance & Payment System Operator (Directive No. 860/2021)
This directive outlines the procedures and conditions for equity investment by Foreign Nationals of Ethiopian Origin and Organizations in Payment Instrument Issuance and Payment System Operator businesses in Ethiopia. It specifies rules for share subscription, payment methods, location of transactions, and reporting requirements.
A Directive to License a Takaful Operator or Authorize a Takaful Window Operator (Directive No. 874/2020)
This directive establishes the licensing and operational requirements for Takaful Operators and Takaful Window Operators in Ethiopia, ensuring the safety and soundness of the insurance sector and protecting participant interests.
A Directive Issued to Provide for the Repealing of Cement Marketing Control (Directive No. 1035/2025)
This directive repeals Cement Marketing Control Directive No. 940/2023.
Salt Marketing Control Directive (Amendment) (Directive No.1032/2024)
This directive amends the Salt Marketing Control Directive No. 962/2023 to address issues related to salt processing factory locations, foreign currency procurement for Naphtali, and market shortages due to hoarding. It redefines terms like 'Salt Processing Factory', 'wholesaler', and various salt product types, establishes obligations for raw salt producers, and mandates the implementation of a modern salt marketing system.