NewInvestment

Manner of Equity Investment by Foreign Nationals of Ethiopian Origin in Banks (Directive No. 101/2020)

National Bank Of Ethiopia101/2020

Summary

This directive outlines the manner in which foreign nationals of Ethiopian origin can invest in banks.

Who's affected

Foreign nationals of Ethiopian origin seeking to invest in Ethiopian banks.

Action required

Review the directive to understand the procedures and requirements for equity investment in banks.

Key points

3
  • Directive concerns equity investment in banks.
  • Target investors are foreign nationals of Ethiopian origin.
  • Issued by the National Bank of Ethiopia.

Requirements

3
  • Investment must be in equity.
  • Investors must be foreign nationals of Ethiopian origin.
  • Specific procedures and approvals from the National Bank of Ethiopia are likely required (details not provided in the excerpt).

Rights and permissions

1
  • Right to invest in banks for eligible foreign nationals of Ethiopian origin.

Restrictions

2
  • Investment is restricted to equity.
  • Only foreign nationals of Ethiopian origin are eligible to invest under this directive.

Objectives

2
  • To set forth the procedures for equity investment by foreign nationals of Ethiopian origin in banks.
  • To ensure compliance with investment regulations.

Organizations

1
  • National Bank of Ethiopia
Original sourcehttps://justice.gov.et/en/directives/manner-of-equity-investment-by-foreign-nationals-of-ethiopian-origin-in-banks-directive-no-101-2020/
View source