Ethio Lease Appoints New CEO

Feb 12 , 2022


The board of directors of Ethio Lease Ethiopian Capital Goods Finance S.C. has appointed Degol Gossaye as its chief executive officer (CEO). Degol has over 16 years of experience working in the banking industry and the commercial sector. He served as branch manager, credit portfolio manager, credit analysis and appraisal manager at various commercial banks. He earned his undergraduate degree in economics from Addis Abeba University and completed a postgraduate programme in business and leadership at the University of South Africa. Before joining Ethio Lease, Degol was the general manager of Sun Optical Technologies. He later took the post of vice president of business development and marketing at Ethio Lease in 2019. Ethio Lease is a subsidiary of Africa Asset Finance Company Inc., which provides leasing and asset-based lending to businesses across Africa. It is the first private and foreign-owned equipment leasing company in the country to be licensed by the National Bank of Ethiopia (NBE). Degol will succeed Fregenet Getachew, who will continue to serve Ethio Lease as a board member.


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