- Whereas, there is a need to set up, promote and develop strong and viable capital goods finance business in Ethiopia so as to contribute for economic growth;
- Whereas, proper licensing and supervision of capital goods finance companies and capital goods finance sector is important to ensure the safety and soundness of capital goods finance business;
- Whereas, establishing clear, objective and transparent requirements for licensing and renewal is essential to promote the sector;
- Now, therefore, in accordance with powers vested in it under Articles 4 (4) and 18 (4) of Capital Goods Leasing Business (Amendment) Proclamation No 807/2013, the National Bank of Ethiopia has issued these directives.