Ethio Lease Transfers 5m Br Microscopes to WGGA Eye Centre

Mar 26 , 2022


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

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...