The DaraCorp Journal

Notes on compliance, done properly.

Plain-language explainers, practical guidance, and field notes for Ethiopian capital-market, banking and public institutions.

Aug 28, 2026
Capital Markets

Meba Just Registered Securities With ECMA. Here's What Changes for Every MFI Board

Meba became the first Ethiopian microfinance institution to register shares with ECMA. Registration brings insider-information duties MFI boards have never had to formalise before.

7 min
Aug 25, 2026
Payments & Fintech

Nine Questions Every Ethiopian Payment Provider's Risk Team Should Be Able to Answer

NBE's ONPS/10/2025 doubled the capital bar, capped ownership and mandated wallet interoperability for Ethiopian payment providers. A risk team's readiness Q&A, from capital adequacy to the 2026-2030 digital payments roadmap.

6 min
Aug 24, 2026
Banking Regulation

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.

5 min
Aug 21, 2026
Compliance Training

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.

5 min
Aug 18, 2026
Compliance Training

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.

5 min
Aug 07, 2026
Governance & Ethics

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.

5 min
Aug 07, 2026
Capital Markets

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.

5 min
Aug 07, 2026
Data Protection & Privacy

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.

5 min
Aug 07, 2026
Banking Regulation

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.

5 min
Aug 07, 2026
AML & Financial Crime

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.

6 min
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