Ethio Lease transfers ownership of high-tech ophthalmic surgical microscopes

Ethio Lease, the first privately held equipment leasing company in Ethiopia on Friday transferred a state-of-the art Ophthalmic microscope’ worth more than 5 million Birr’ to WGGA Eye Center following the successful completion of a leasing agreement.

The transfer of the Ophthalmic Microscopes is part of multiple leasing agreements signed by Ethio Lease for high-tech medical equipment with medical and diagnostic centers throughout the country. The microscopes enable WGGA Eye Center to provide diagnostics, comprehensive eye examinations and the most advanced vision correction treatments and procedures for eye diseases and disorders.



To alleviate the shortages that hamper the private sector and the development of the country, Ethio Lease supports key sectors, including healthcare, with a variety of crucial and high-quality diagnostic medical equipment, in combination with a full-service warranty which includes spare parts and maintenance of the equipment.

Ethio Lease has been providing leasing services to address equipment shortages in the agriculture, healthcare, and manufacturing sectors, importing hundreds of heavy machinery and equipment over the past two years.

During the transfer ceremony, Mr. Degol Gossaye, CEO of Ethio Lease remarked that “Today’s transfer of this state-of-the-art Ophthalmic Microscope is a practical demonstration of the solution our company provides to the private sector.”

Ophthalmic surgery requires a high degree of precision to ensure optimal accuracy when maneuvering instruments and manipulating delicate ocular tissue. Dr. Melaku Megistu Game, General Manager of WGGA Medical Services plc said “working with Ethio Lease helped us to increase our productivity and enabled us to be more flexible and creative with our resources. The benefits of this kind of collaboration, specifically in our environment is immense, needs to be encouraged and supported. We are grateful for our relationship.”



Since its launch, Ethio Lease has provided leasing services to address equipment shortages in the agriculture, healthcare, energy, and food processing sectors, including some in manufacturing. Ethio Lease signed leases worth USD 25 million since the start of its operations.

Ethio Lease is a subsidiary of Africa Asset Finance Company (AAFC), and began operations in August 2019 after receiving a license from the National Bank of Ethiopia, the first of its kind, to address the equipment shortage and foreign exchange (FX) challenges faced in Ethiopia, providing bespoke equipment financing and a wide range of leasing services for selected equipment categories, serving various sectors including agriculture, healthcare, energy, food and coffee processing, and manufacturing.