Regulatory Alerts2025-12-31
Investing in Development Bank Bond (Repealing) Directive No. SIB/61/2025
The National Bank of Ethiopia issued Directive SIB/61/2025 to repeal the prior Investment in Development Bank Bond Directive (SIB/54/2021) for all insurance companies and Ethiopian Reinsurance S.C. Entities with unmet minimum investment thresholds based on June 30, 2025 financials must settle outstanding Development Bank Bond allocations by January 31, 2026. All qualifying bonds carry a three-year maturity, annual interest payments, and rates at least two percentage points above the minimum savings deposit rate at issuance.
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