Capital Goods Leasing Business

The Capital Goods Leasing Business Proclamation No. 103/1998 is a law that regulates the leasing of capital goods in Ethiopia, outlining the rights and obligations of lessors and lessees, and providing guidelines for lease agreements, payment defaults, and tax incentives. The proclamation aims to create an enabling environment for the establishment of alternative sources of financing and to promote investment in the country by providing a framework for the leasing of capital goods, including financial leases, operating leases, and hire-purchase agreements.