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.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...