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.


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...