LICENSING AND SUPERVISION OF

THE BUSINESS OF MICROFINANCE INSTITUTIONS

Investment in Equities of Allied Activities Directives No. 303-2020

Whereas, investment related activities of microfinance institutions require sound and prudent practices to effectively manage risks;

Now, therefore, in line with the powers vested in it by article 27(2) of Micro-financing Business Proclamation No. 626/2009, the National Bank of Ethiopia has issued these directives.

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