Ethio Lease, Ethiopia’s first and only foreign-owned company to obtain a financial services license from the National Bank of Ethiopia (NBE), is set to close.

Following the successful completion of a lease agreement, at an event hosted at the Hilton Hotel Addis Ababa on March 25, Ethio Lease, Ethiopia’s first privately held equipment leasing firm, transferred a state-of-the-art Ophthalmic microscope worth more than ETB5 million to WGGA Eye Center.

The Board of Directors of Ethio Lease Ethiopian Capital Goods Finance SC announced that it has appointed Degol Gossaye as CEO of Ethio Lease as of January 27th 2022. Degol will succeed Fregenet Getachew Desta whose maximum allowable term ended on that date, as per the applicable regulations from the NBE. Degol joined Ethio Lease as Vice President of Business Development and Marketing on August 15th, 2019 and has played an instrumental role in building the portfolio of Ethio Lease.

Watch this video from the official delivery of 16 combine harvesters to farmers and unions. The latest delivery of combine harvesters to the farmers brings the total number of agricultural equipment being delivered to farmers to 100 with a total worth of more than $7 million fulfilling the commitment the company made to the farmers and the agricultural sector.

Ethio Lease, the first foreign-owned leasing company, today handed over 16 combine harvesters to farmers and unions. The agricultural mechanization equipment are delivered to the farmers in line with the government’s strategy and the collaborative Memorandum of Understanding, Ethio Lease signed with the Ministry of Agriculture and the Agricultural Transformation Agency.

Ethio Lease, the first foreign-owned leasing company, today donated more than 1,680,000.00 Birr to the Corona Virus Mitigation Trust Fund which supports the Ethiopian government’s efforts to battle the Coronavirus (COVID-19) pandemic.

Ethio Lease, the first foreign-owned leasing company handed over 1,680,000.00 Birr to the Corona Virus Mitigation Trust Fund supporting the Ethiopian government’s efforts in battling the Coronavirus pandemic.

The first foreign-owned leasing company, Ethio Lease, yesterday signed Memorandum of Understanding (MoU) with the Ministry of Agriculture and the Agricultural Transformation Agency (ATA) enabling it to lease agriculture machineries to ATA sponsored farmers’ mechanisation centres.

Ethio Lease, the first foreign-owned leasing company, today announced the signing of a Memorandum of Understanding (MOU) agreement with the Ministry of Agriculture (“MOA”) and the Agricultural Transformation Agency (“ATA”) to lease agriculture equipment to ATA sponsored farmers’ mechanization centers.

Ethio Lease is the first foreign-owned entity that received a "financial services" license from the National Bank of Ethiopia (NBE) which is part of a plan Ethiopian Prime Minister Ahmed announced to open up large swathes of the economy to more foreign capital.

Ethio Lease this month became the first foreign-owned company to secure a financial services license in Ethiopia. Simplifying the country’s forbidding bureaucracy would help the country’s leasing market to reach its full potential.

Ethio Lease, which was launched on Thursday at the Sheraton Hotel here in Addis Ababa, has become the first foreign company to venture into the capital lease sector in Ethiopia.

The National Bank of Ethiopia (NBE) issued a license to Ethio Lease. This makes Ethio Lease the first foreign-owned entity to obtain a license for financial services in Ethiopia.

His Excellency Dr. Yinager Dessie, Governor of the NBE stated, "Being the first company to provide equipment leasing services, Ethio Lease promises to be a game-changer in Ethiopia. We believe this venture has a huge potential to boost the economy while providing significant financial gains for the country.”

The National Bank of Ethiopia granted the first financial services license to a foreign-owned company, Ethio Lease, as the Ethiopian Government delivers on its promise to gradually liberalize the economy and create jobs.

The National Bank of Ethiopia granted the first financial services license to a foreign-owned company, Ethio Lease, as the Ethiopian Government delivers on its promise to gradually liberalize the economy and create jobs.

Ethio Lease officially launched on August 8th, 2019, in Addis Ababa, in the presence of NBE Governor Dr. Yinager Dessie, the Minister of Finance Ahmed Shide, Ethio Lease board chairman Girma Wake, other key government officials and relevant stakeholders.

The National Bank of Ethiopia granted a license to Ethio Lease, making it the first foreign-owned entity to receive a financial services license in the country

The National Bank of Ethiopia granted a license to Ethio Lease, making it the first foreign-owned entity to receive a financial services license in the country.

The government of Ethiopia has licensed the first foreign leasing company called Ethio Lease to provide equipment leasing and financial solutions to different businesses in the country.