Ethio Lease
Other Rental Stores (Furniture, A/V, Construction & Industrial Equipment) · Ethiopia · 51-200 Employees
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Overview
Headquarters
EthiopiaWebsite
www.ethiolease.comRevenue
$15.9 MillionIndustry
ZI Rank: 1
Signal Type
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ZI Rank
1
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About Ethio Lease
Ethio Lease was Ethiopia's first privately owned equipment leasing company, licensed by the National Bank of Ethiopia. The company provided high-quality equipment leasing services to various sectors, including agriculture, healthcare, and IT, enabling sustainable growth and job creation. However, due to regulatory changes, Ethio Lease entered voluntary liquidation in April 2024, with the process expected to conclude by late 2026. As part of the AAFC group, Ethio Lease aimed to support Ethiopian businesses by offering capital leases and associated services.Explore more
Ethio Lease Org Chart
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Ethio Lease is experiencing very low activity levels compared to other companies in the Retail sector.
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Ethio Lease is drawing exceptional interest within the Retail industry, suggesting notable developments or strong market momentum, learn more about Ethio Lease.
Ethio Lease Tech Stack
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Most Recent Scoops
Promotion
Executive Move
Left Company
Executive Move
Ethio Lease has announced that Fregenet Desta, Chief Executive Officer, has left the organization.
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Ethio Lease News & Media
Ethio Lease Appoints Fregenet Getachew Desta as CEO
NEW YORK & ADDIS ABABA, Ethiopia--(BUSINESS WIRE)--African Asset Finance Company Inc. (“AAFC”), a U.S.-based non-bank financial and equipment leasing firm, today announced the appointment of Fregenet Getachew Desta as acting CEO of Ethio Lease. In this role Ms. Fregenet succeeds Girum Tsegaye, who left the company to return to the banking industry. Ethio Lease, which provides capital leases to Ethiopian businesses for equipment in a range of vertical markets, is a subsidiary company of AAFC.
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Frequently Asked Questions Regarding Ethio Lease
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Ethio Lease was Ethiopia's first privately owned equipment leasing company, licensed by the National Bank of Ethiopia. The company provided high-quality equipment leasing services to various sectors, including agriculture, healthcare, and IT, enabling sustainable growth and job creation. However, due to regulatory changes, Ethio Lease entered volun... Read More
