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Mr. Jantirar Abay Chairperson of Board of directors
The World Leasing Yearbook 2019 estimates the global annual leasing volumes for the year 2017 at around USD 1.29 trillion, compared to USD 1.1 trillion, a year earlier. Annual global leasing volumes follow a general increasing trend;
- Except during the global financial crisis and the Eurozone crisis (2008-2010), annual global leasing volumes have been increasing at an average rate of around 8% per year.
- Annual global leasing volumes which include financial leases, operating leases, rentals, hire purchase (but exclude real estate leasing) are significant by the very amounts they command and represent the contribution of leasing in financial deepening.
Leasing market penetration
- Leasing penetration in matured markets is high, between 20% to 40%
- Leasing penetration is in general increasing, meaning more and more people are using leasing as a form of financing.
- Leasing penetration in Africa is not known with certainty and is rather based on estimates. World Bank and IFC believe it is somehow in the 1% to 5% bracket.
- Leasing penetration in Ethiopia is estimated at around 1%.
Mayor Inaugurates 11-Storey Addis Capital Goods Finance Building in Piassa
The Mayor of Addis Ababa City, Adanech Abiebie, has inaugurated the newly completed state-of-the-art 11-storey headquarters of Addis Capital Goods Finance Business share company Building, located at the heart of Piassa.
The building was constructed rapidly and with high quality, marking another milestone in the city’s ongoing development efforts.
In a message shared on her official social media page, the Mayor stated that the project reflects the city’s commitment to fulfilling its promises and delivering tangible results that enhance the lives of Addis Ababa residents.
Mayor emphasized that Addis Capital Goods Finance plays a vital role by offering alternative financial services that create job opportunities, support local production of import-substitute goods, generate foreign currency, and promote technology transfer.
Designed to accommodate banks, insurance services, and office operations, the new building is also equipped with modern facilities including childcare centers, a gym, and cafeterias—features intended to foster a comfortable and productive working environment for employees.
Mayor Adanech extended her congratulations to the board members, management, staff, contractor, and consultant for the successful completion of the project.
Mr. Mesay Ensene
Managing director
According to the Ethiopian government’s ten-year strategic plan, one of the main objectives of the Ethiopian government is to make Ethiopia a model of prosperity by 2030. And the government is working to create conducive environment for social services for all citizens to enjoy and own capital from leasing.
Recognizing that the cost of living and unemployment will be reduced by increasing production and productivity, and those financial institutions, especially leasing companies, will play a key role in implementing this, they have been established at the national level. As a result, enterprises are playing their part in expanding the manufacturing construction, agro-processing and service industries by improving the quality and market competitiveness of their products.
The aim of the new Capital Commodity Finance Trading Company is to alleviate the financial constraints of enterprises that have the desire, knowledge and skills to participate in various investment activities and are unable to operate due to lack of capital.
The company is committed to build an effective capital supply system to selected successful business holders which can add value to their product and increment productivity and accessible capital goods financing services to micro, small and medium enterprises, TVET graduates, newcomers and female entrepreneurs, by providing manufacturing Machineries that help the industry sector and the company’s mission of building successful capital goods supply system be implemented.
General Assembly Members Conduct Regular Meeting
The members of the General Assembly conducted their regular meeting yesterday at the company’s newly constructed building, where they held extensive discussions and officially approved four key agenda items. A central highlight of the session was the unanimous approval of the 2017 fiscal year Board of Directors’ report, which was presented by the Chairperson of the General Assembly and Deputy Mayor of Addis Ababa City Administration, Honorable Mr. Jantirar Abay.
During the deliberations, assembly member Mr. Awash noted the institution’s consistent year-over-year growth and emphasized the need for a clear strategy focused on service accessibility, customer satisfaction, and job creation to maintain this momentum. Similarly, Mr. Abate Sototaw commended the company’s strong performance in loan and lease repayments but suggested that a formal survey be conducted to gauge customer satisfaction, while also highlighting the need for further development of the company’s IT systems. Adding to the discussion, Mr. Abdulkadir, Head of the Finance Bureau and assembly member, remarked that the company’s ability to complete its new building and sustain enterprises despite financial constraints and challenging conditions is highly encouraging.
The session concluded after the Chairperson, Honorable Mr. Jantirar Abay, and the company’s CEO, Mr. Mesay Ensene, provided responses to the various questions and comments raised by the members. Ultimately, the General Assembly finalized the proceedings by officially approving both the 2017 fiscal year Board of Directors’ report and the external auditor’s report.
Company employees social participation in Addis Ababa
