Daracorp Team
13 posts
Proclamation No. 1426/2026 Just Put a 48-Hour Clock on Every Ethiopian Bank's Cyber Incidents
Ethiopia's Critical Infrastructure Cybersecurity Proclamation No. 1426/2026 gives banks 48 hours to report a cyber incident or face a fine. What compliance teams need to build before the one-year grace period ends.
FXD/04/2026: When 100% FX Retention Doesn't Mean Zero Questions
NBE's FXD/04/2026 lets service exporters retain 100% of FX earnings indefinitely. For bank compliance teams, that changes what a normal retention account looks like, not what due diligence it needs.
SIB/62/2026: Ethiopia's Insurance Brokers Now Need a Credentialed CEO, Not Just a Trading Licence
NBE's Licensing of Insurance Broker Directive SIB/62/2026 sets a qualification-and-experience bar for broker CEOs, ties ownership to Ethiopian nationals, and gives existing firms five years to comply. A workforce-readiness guide for HR and L&D leads.
Ethiopia's Insurers Have Six Months to Prove Their Boards Are Fit and Proper
NBE's Directive SIB/63/2026 gives Ethiopian insurers six months to get board members, executives and 2%+ shareholders individually approved as fit and proper, or face fines. It's a competency-evidence problem as much as a legal one.
Building a Whistleblowing Channel People Actually Use
Ethiopia's anti-corruption push means more organisations must show a working whistleblowing channel. A box nobody trusts is worse than none. How to design a speak-up channel people actually use.
MNPI and Information Barriers: What to Build Before You List on the ESX
With the ESX live and ECMA issuing directives under Proclamation 1248/2021, pre-IPO companies face obligations most have never managed, chief among them controlling material non-public information. What to build before you list.
Ethiopia's Personal Data Protection Proclamation 1321/2024: Your First 90 Days
Ethiopia now has a comprehensive data-protection law, Proclamation No. 1321/2024, supervised by the Ethiopian Communications Authority, and it applies to far more than banks. A practical 90-day plan to move from exposed to defensible.
Foreign Banks Are Coming: What Proclamation No. 1360/2024 Means for Your Compliance Team
Banking Business Proclamation No. 1360/2024 opens Ethiopia's banking sector to foreign entrants for the first time in decades. The response is turning compliance capability into a competitive advantage before the licences land.
Six Transaction Red Flags Your Frontline Staff Keep Missing — and the STR That Should Follow
ESAAMLG's mutual-evaluation cycle keeps pressure on Ethiopian reporting entities to file quality STRs. Six red flags tellers and relationship managers routinely miss, and how to turn a hunch into a defensible STR.