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.