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

Ethiopia Revives WTO Ambitions After Five-Year Stall

Ethiopia's trade delegation led by Kassahun Gofe (PhD), a chief negotiator in the WTO accession talks, is reviving a long-stalled effort to join the World Trade Organisation (WTO), signalling renewed ambition following a five-year hiatus. He travelled last week to Geneva, Switzerland, where the WTO is headquartered, to conclude negotiations for membership by March next year. If successful, Ethiopia's accession to the world's trade body will be timed, with the 14th ministerial conference set t...


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First Digital Insurance, Loan Services Launched

A new digital insurance and loan service platform christened 'Agar' - translated as a partner - has debuted in the market, marking a notable entry into the financial sector. The initiative, a collaboration among Global Bank Ethiopia, Lucy Insurance, and Kacha Digital Financial Services, pledged to transform access to insurance and credit for various user groups, including insurance policy buyers, taxi drivers, and salaried employees. For Abraham Tilahun, CEO of Kacha Digital Financial Service...


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City Forms Task Force to Regulate Informal Street Vendors

A new task force under the city administration will enforce new regulations designed to restore order on the streets of Addis Abeba and address concerns over cleanliness and public safety. The task force has been established to enforce regulations imposed on informal street vendors. The city's Trade Bureau launched the initiative to address the increasing informal trading, which city officials say has been "disruptive to the established trade system." The task force is headed by Deputy Mayor...