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.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...