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LEASE ETHIOPIA

Girma Wake, board chairman of Ethio Lease, Yinager Dessie, National Bank Governer, and Abebe Abebayehu, Commissioner of the Ethiopian Investment Commission, arrive at the launching of Ethio Lease at Sheraton Addis on August 8, 2019.

LEASE ETHIOPIA

Girma Wake, board chairman of Ethio Lease, Yinager Dessie, National Bank Governer, and Abebe Abebayehu, Commissioner of the Ethiopian Investment Commission, arrive at the launching of Ethio Lease at Sheraton Addis on August 8, 2019. Ethio Lease is the first foreign capital lease finance company to be licensed by the National Bank of Ethiopia (NBE). African Asset Finance Company, a New York City-based finance company, established Ethio Lease. The former CEO of Ethiopian Airlines, Girma Wake, is chairman of the board of the company that aims to provide lease financing to businesses involved in the agriculture, healthcare and manufacturing sectors.

Radar

Union Urges Meeting with Premier Over Living Cost

Rising living costs that reduce the purchasing power of stagnant workers' wages prompted leaders of the Confederation of Ethiopian Trade Unions (CETU) to urge a meeting with Prime Minister Abiy Ahmed (PhD). Flanked by Minster of Justice Gedion Timotheos, Abiy met with senior members of the Union last year to discuss issues related to freedom of associations, collective bargaining and the imminent challenge of inflation to the workforce. However, Kasahun Follo, head of the Union, said reduced...

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Radar

Customs Chief Accuses Critics of Bias, Vows to Address Steel Imports

Steel manufacturers' struggles and the impact of duty-free imports on domestic production have caught the attention of parliamentarians. During the Customs Commission's presentation of its nine-month performance, an MP directed a question to Commissioner Debele Kabeta, seeking clarification on the measures being taken by his institution to mitigate the influx of imports that are negatively affecting local manufacturers. While the source remains elusive, over 56 million Br worth of contrab...

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Radar

Tech Tools Offer Digital Lifeline to Refugees

A digital platform that aims to connect skilled refugees and potential employers within the host communities was launched in a partnership between the UNHCR and Gebeya Inc. The project has onboarded 300 refugees into the system since its inception five months ago and hopes to reach 2,000 individuals across Gebeya's system soon. Ethiopia is currently the third largest refugee and asylum seeker hosting country in Africa, with close to one million individuals. The country also has an additional...

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