Bisrat TekluEthiopia continues attracting new investments in mining, and by 2030 the Ethiopian Government has planned to increase its current foreign exchange earnings from the export of minerals from USD265 million to USD17 billion. With this in mind, the government has, among other measures, issued mining licenses for six large-scale mining companies, namely Akobo Mining, Kurmuk Gold Mining, Into Mining, Oromia Mining, Ali Hamil Khadim, Crypto Mining and Chemicals, and Bhumi Mining. The government is further planning to engage other licenses to interested investors who intend to join the mining industry.
Ethiopian Business ReviewEye Equipment Handover by Ethio Lease
Following the successful completion of a lease agreement, at an event hosted at the Hilton Hotel Addis Ababa on March 25, Ethio Lease, Ethiopia’s first privately held equipment leasing firm, transferred a state-of-the-art Ophthalmic microscope worth more than ETB5 million to WGGA Eye Center.
The transfer of the ophthalmic microscope is part of a series of high-tech medical equipment leasing agreements made by Ethio Lease with medical and diagnostic centers throughout the country. The equipment enables WGGA Eye Center to perform advanced vision correction treatments and procedures for eye diseases and disorders, as well as diagnostics and comprehensive eye examinations.
Ethio Lease has been providing leasing services to alleviate equipment shortages in the agriculture, healthcare, energy, and food processing industries, as well as some in manufacturing. Since its inception, the company has signed leases worth USD25 million over the past two years, in support of the private sector and the country’s development while supporting key sectors, including healthcare, with a variety of crucial and high-quality diagnostic medical equipment, in combination with a full-service warranty including spare parts and maintenance.
“Today’s transfer of this state-of-the-art ophthalmic microscope is realistic proof of the solutions our firm offers to the private sector,” said Mr. Degol Gossaye, CEO of Ethio Lease, during the transfer ceremony.
“Working with Ethio Lease helped us boost our productivity and enabled us to be more flexible and creative with our resources,” stated Dr. Melaku Megistu , General Manager of WGGA Medical Services PLC. The advantages of this type of collaboration, particularly in our context, are enormous, and it should be encouraged and supported. “We are thankful for our partnership.”
The Ethio Health Exhibition and Congress took place as Ethiopia’s largest multi-disciplinary healthcare professional development forum with anticipations to gather in excess of 3,000 medical and trade professionals. It also provided an ideal platform for stakeholders to discuss various issues across the entire health care value chain while also providing opportunities for professionals to advance their competencies.
Samuel Habtab
The Board of Directors of Ethio Lease SC announced that it has appointed Degol Gossaye as CEO as of January 27, 2022. Degol joined the capital goods leasing company as Vice President of Business Development and Marketing in August 2019. His predecessor Fregenet will be appointed to the Board and will continue to assist Ethio Lease’s management as a senior advisor to the CEO.
Photos from the first press conference at the soon-to-be inaugurated CBE headquarters.
Photo Credit: Samuel Habtab
Zeresenay Zeleke (PhD)Ethiopia was left with little option other than defending itself when the super powers waged a war against it in support of domestic terrorists. No different for Ethiopia, peace and security are the minimum public goods a government should deliver to its citizens. Unfortunately, war is not a unilaterally avoidable evil. This is particularly true in the current world where a tense fight between those who want to assert their freedom and continue their greed hegemony is prevalent.
Bamlak FekaduCurrent and past administrations have tried to tap into the potential of Ethiopians living abroad. As much as there always has been the understanding that the diaspora can play a greater role in the Ethiopian economy, politics has always taken over the way in which government looks at this vast community.
The Ethiopian diaspora—vocal in their criticism of local politics—has long been regarded as a threat to government. Hence, they have been alienated from social, political, and economic activities of their home country. For the most part, the nation has not been able to tap into the opportunities of economic potential which the community possesses.
The recent mobilization of the diaspora in the diplomatic arena gives an insight into their economic potential. If mobilized upon the appropriate strategy, they can play a greater role beyond remittance and direct financial support to be investors and champions of investment, writes EBR’s Bamlak Fekadu.
Abiy WendifrawEthiopian football has not progressed to the best interest of football fans. Participation at international tournaments has been a luxury the national football has barely afforded through the years. As much as on-the-pitch criticism has been evident, financial constraints have also challenged the development of football and Ethiopian sports in general. Robust marketing and stronger support to regional federations could be the way forward, writes Abiy Wendifraw.
