Ethio-Lease Donates 1.6m Br

May 16 , 2020


Ethio-Lease, the country’s first foreign-owned lease financing company, has donated 1.7 million Br to the Novel Coronavirus (COVID-19) National Resources Mobilisation Committee. Girma Wake, board chairperson, and Girum Tsegaye, CEO of the company, handed over the cheque at a ceremony that took place at the Ministry of Peace. Ethio-Lease is also providing leases for computer tomography (CT) and magnetic resonance imaging (MRI) scanners and other farming equipment to offer solutions to challenges in food security and the health sector. Ethio-Lease, a subsidiary of Africa Asset Finance Company, operates by leasing equipment to businesses involved in agriculture, healthcare, energy, food processing and manufacturing. The company has signed over 60 capital goods lease agreements to date.


Radar

CHERRY PICKING

Women around the Koshe area hunt through piles of trash to find scraps of metal to sell. With close to three million people unemployed in the country and a headline inflation of 33pc, unskilled labour is in little demand. Ethiopia has an adult literacy rate of 51pc, with fewer numbers going past high school. Less than three percent of 12th-grade students made it to universities this year while the rest were at the mercy of remedial exams...


Radar

JUNGLE CREW

An old wooden car that was part of a commercial campaign by a furniture company around the Beherawi Theatre area. Ethiopia's forest coverage to national land size has been registered at 15pc to the latest data by the World Bank. The current Prime Minister Abiy Ahmed launched an initiative labelled 'Green Legacy' to plant five billion trees in 2020 claiming an 83pc success...


Radar

OVER CAPACITY

A young boy attempts to pull a piece of cloth from an overloaded pickup truck around the Ayer Tena area. Observing an unsupervised child on the streets of the capital has become a common sight, with sporadic conflict across the country creating nearly four million internally displaced people. Despite the last census having been conducted 16 years ago, the population of the country is estimated at 120 million...