Capital lease finance company opens shop

Written By frans Van Schaik

The National Bank of Ethiopia (NBE) has licensed the first foreign capital lease finance company called Ethio Lease.

Ethio Lease was established by African Asset Finance Company, a New York City-based finance company, with a registered capital of 400 million birr. The company plans to provide leasing services to address equipment shortages in the agriculture, healthcare, and manufacturing sectors.

frans Van Schaik
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