Insurance sector set for transformation as NBE issues landmark governance directive
The National Bank of Ethiopia (NBE) has unveiled a sweeping new directive aimed at overhauling corporate governance across the country’s insurance sector, in a move widely hailed as a turning point for industry transparency, accountability, and stability.
Directive No. SIB//2025, released this month, introduces far-reaching reforms to the management and oversight of Ethiopia’s insurance companies. The NBE’s initiative comes as the sector faces mounting pressure to modernize, improve consumer trust, and align with international best practices amid broader regulatory changes sweeping across East Africa.
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Source: capitalethiopia
@Ethiopianbusinessdaily
The National Bank of Ethiopia (NBE) has unveiled a sweeping new directive aimed at overhauling corporate governance across the country’s insurance sector, in a move widely hailed as a turning point for industry transparency, accountability, and stability.
Directive No. SIB//2025, released this month, introduces far-reaching reforms to the management and oversight of Ethiopia’s insurance companies. The NBE’s initiative comes as the sector faces mounting pressure to modernize, improve consumer trust, and align with international best practices amid broader regulatory changes sweeping across East Africa.
Read More
Source: capitalethiopia
@Ethiopianbusinessdaily