Addis Capital Finances 48m Br Machinery

February 16 , 2019


Addis Capital Finances 48m Br Machinery

Addis Capital Goods Finance Business S.C provided 48 million Br worth of machinery and equipment to different enterprises in the first half of the current fiscal year. The 528 beneficiaries are engaged in garment, leather and leather products, metal works, furniture, stone ornaments and sculpture work. Since becoming operational, the company has leased machinery worth 150 million Br for different enterprises that opened jobs for 5,000 people. Addis Capital was established with a capital of 955 million Br and launched its services in 2014, providing machinery to Addis Abeba-based medium manufacturing enterprises on a lease and loan basis without collateral.


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