Whereas, Foreign Nationals of Ethiopian Origin or Organizations have been allowed to invest in the Ethiopian microfinance business;

Whereas, there is a need to put in place implementation modality for investment by Foreign Nationals of Ethiopian Origin or organization in Ethiopian microfinance business;

Now, therefore, in accordance with article 32 (4) of Microfinancing Business Proclamation No. 626/2009 as amended by article 2 (8) of the Microfinance Business (Amendment) Proclamation No. 1164/2019 and articles 20 (2) and 27 (2) of the National Bank of Ethiopia Establishment (as Amended) Proclamation No. 591/2008, the National Bank of Ethiopia has issued these Directives.