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

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email