By Nizar Manek, August 8 2019
Company to import equipment worth $600 million in three years
Ethiopia is opening up its economy to more foreign capital
Ethiopia’s central bank granted its first financial services license to a leasing company that plans to bring into the east African country equipment worth $600 million.
Ethio Lease, a unit of New York-based Africa Asset Finance Company Inc., said it will purchase equipment from agricultural machinery to medical equipment and drilling rigs, and receive payment in Ethiopian Birr.
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https://www.bloomberg.com/news/articles/2019-08-08/ethiopia-grants-first-financial-license-to-foreign-lease-company