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LEASE ETHIOPIA

Girma Wake, board chairman of Ethio Lease, Yinager Dessie, National Bank Governer, and Abebe Abebayehu, Commissioner of the Ethiopian Investment Commission, arrive at the launching of Ethio Lease at Sheraton Addis on August 8, 2019.

LEASE ETHIOPIA

Girma Wake, board chairman of Ethio Lease, Yinager Dessie, National Bank Governer, and Abebe Abebayehu, Commissioner of the Ethiopian Investment Commission, arrive at the launching of Ethio Lease at Sheraton Addis on August 8, 2019. Ethio Lease is the first foreign capital lease finance company to be licensed by the National Bank of Ethiopia (NBE). African Asset Finance Company, a New York City-based finance company, established Ethio Lease. The former CEO of Ethiopian Airlines, Girma Wake, is chairman of the board of the company that aims to provide lease financing to businesses involved in the agriculture, healthcare and manufacturing sectors.

Radar

Regional Development Banks Tie-up for Private Sector Growth

Arab Bank for Economic Development in Africa (BADEA) and Trade Development Bank Group (TDB) signed a 100-million-dollar disbursement for a hybrid capital instrument last week on the sidelines of the African Union summit. Admassu Tadesse, president and managing director of TDB Group, and Sidi Ould Tah (PhD), president of BADEA were the signatories at the event attended by Central Bank Governor Mamo Mihretu, CEO of the Ethiopian Securities Exchange Tilahun Kassahun (PhD), and Deputy Chairperson of...

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Radar

National Bank Reports Five-Year Low Inflation, Record-High Exports

The National Bank of Ethiopia (NBE), in its six-month snapshot on monetary and external sector developments, reports that inflation has dropped to 15.5pc, the lowest in five years and a 13.9pc decline from last year's 29.4pc rate. Headline inflation stood at 34.5pc during the same period in 2022. The report also shows a sharp decline in food inflation, which fell by 16.6pc, from 32.3pc in January 2024 to 15.7pc in January 2025. Non-food inflation dropped by 10.2pc, from 25.3pc last year to 1...

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Radar

Horn Initiative Boosts Regional Development Agenda

A total of 20 projects worth three billion dollars are currently being implemented in Ethiopia under the Horn of Africa Initiative, which held a performance review platform last week. This initiative, established in 2019, seeks to economically integrate Horn of Africa countries through development projects. Finance Minister Ahmed Shide accentuated the initiative's goals of enhancing infrastructure connectivity, strengthening trade and economic integration, building resilience to natural and man...

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