Ethio Lease Transfers 5m Br Microscopes to WGGA Eye Centre

Mar 26 , 2022


[ssba-buttons]

Ethio Lease, the country's first privately-held equipment leasing company, has transferred the ownership of high-tech ophthalmic surgical microscopes worth over five million Birr to WGGA Eye Center. The transfer is part of the multiple lease agreements for high-tech medical equipment Ethio Lease has entered into with medical and diagnostic centres in the country. A subsidiary of Africa Asset Finance Company (AAFC), Ethio Lease started operations in August 2019. The company has been providing leasing services to address equipment shortages and foreign exchange challenges faced in the agriculture, healthcare, and manufacturing sectors. It has imported hundreds of pieces of heavy machinery and equipment over the past two years.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...