Equipment Solutions
for African Markets
We provide customers with the use of equipment through a variety of programs, such as EASE® (Equipment-as-a-Service) in the Healthcare, ICT and Agricultural markets. We allow our customers to pay for the use of the equipment from the cash flows the equipment helps generate.
We aim to build sustainable and profitable businesses in the equipment-as-a-service, equipment rental and equipment leasing industries. In doing so, we enable long-term, sustainable growth, help accelerate economic activity, create hundreds of thousands of jobs and generate attractive risk-adjusted returns for our investors and lenders. And we bridge the gap between capital markets with ample liquidity and emerging markets in need of solutions for equipment-as-a-service, equipment leasing, and asset backed financing. AAFC is a privately owned US corporation, with its main office in New York.
How We Work
Our companies offer a variety of standard and customized equipment-as-a-service and equipment leasing options to qualifying customers, typically in partnership with Original Equipment Manufacturers (OEMs) and their local partners.
Our companies primarily write contracts on their own balance sheet or on the balance sheets of funds we manage. We occasionally act as a broker.
Investment
Opportunities
AAFC offers both equity and fixed income investment opportunities to accredited and qualified impact investors through its dedicated pools of funding for equipment-as-a-service, renewable energy, ICT operating leasing and other programs in Africa.
Equipment Solutions
Our companies offer a full suite of equipment-as-a-service, pay-as-you-go, and similar solutions, including (in some jurisdictions) capital (or finance) leases, operating leases, sale-and-lease-back, and asset-backed lending programs. We typically include and organize maintenance and insurance, as well as operator training, certification and deployment.
We focus on high-quality equipment that contributes to a more energy-efficient economy, a safer workplace, better yields and makes a meaningful impact on the populations our customers serve.
Examples of equipment our companies offer include:
Medical equipment, such as CT and MRI scanners
IT equipment, such as servers, switches and storage equipment for use in data centers
Power generation: solar, wind, storage and energy efficient back-up power for industrial applications
Agricultural machinery, such as tractors and irrigation equipment
Drilling rigs for water bore holes, geothermal and infrastructure
Vendor Lease Programs
Asset-Backed Lending, Fleet and Equipment Pool Financing
Our companies provide, manage and arrange asset-backed leasing and lending facilities for distributors, large operators, and transnational industrial clients.
Latest News
African Asset Finance Company (AAFC), a provider of cost-effective access to cutting-edge equipment in emerging and frontier markets through leasing, asset finance, and Equipment-as-a-Service (EASE®), announces the appointment of Imraan Soomra as Chief Executive Officer (CEO) and Executive Board Member of EASE Holdings BV.
African Asset Finance Company (AAFC) today announced the expansion of its groundbreaking EASE® (Equipment as a Service) Healthcare program in Southern Africa and opened a subsidiary in Johannesburg, EASE® South Africa (Pty) Limited. The Southern Africa regional expansion marks an important step in EASE®’s geographic footprint, which launched last year in Ghana and Nigeria.
African Asset Finance Company (AAFC), the leading provider of cost-effective access to state-of-the-art equipment in frontier and emerging markets through Equipment-as-a-Service (EASE®), today announces the appointment of Imraan Soomra as Officer of the Corporation.
FOCOS Orthopedic Hospital in Accra on Monday outdoored a new, top-of-the-range CT Scanner, a diagnostic medical equipment, heralding the berthing in Ghana of EASE® (Equipment-as-a-Service) healthcare, a subsidiary of the African Asset Finance Company that made the acquisition possible.
A Computerised Tomography (CT) scanner has been installed at the FOCOS Orthopedic Hospital, Accra, to boost healthcare delivery at the hospital and the Patang community.
A CT scanner is used to produce images of the inside of the body to aid diagnosis. It is the first to be installed by Equipment-As-A-Service (EASE®) Ghana Limited, a subsidiary of the African Asset Finance Company (AAFC), in West Africa in line with its quest to improve healthcare delivery in Africa.
EASE Healthcare, a full-service pay-per-scan programme for hospitals, clinics and diagnostic centres and initiated by the African Asset Finance Company (AAFC) for quality diagnostic equipment has been launched in Accra.
The event which saw the installation of a CT Scanner at the FOCOS Orthopedic Hospital in Accra marked the introduction of Equipment-as-a-Service (EASE®) in Ghana.
The African Asset Finance Company (AAFC) has launched its local subsidiary in Ghana, marking the introduction of its Equipment-as-a-Service (EASE®) Healthcare in the country. The event celebrated the installation of a CT Scanner, a diagnostic medical equipment provided by EASE® Ghana at the FOCOS Orthopedic Hospital in Accra.
EASE® Healthcare has launched a pay-per-scan program to revolutionize Ghana’s healthcare equipment access.
The initiative, supported by the African Asset Finance Company (AAFC), introduced Equipment-as-a-Service (EASE®) in Accra.
EASE® Ghana aims to tackle the issue of inadequate and non-functional medical equipment by offering a pay-per-use model.
Equipment-as-a-Service (EASE®) Ghana, a cost-effective equipment solutions provider, has launched its operations in the country by installing a computed tomography (CT) scanner for FOCOS Orthopedic Hospital at Pantang in Accra.
Ghana has taken the lead in becoming West Africa’s first beneficiary of the African Asset Finance Company’s (AAFC) Equipment-as-a-Service (EASE®) healthcare with its first installation at the FOCOS Orthopedic Hospital in Accra.
This feat was cemented after a CT Scanner, a diagnostic medical equipment provided by EASE® Ghana, was installed at the hospital during a brief ceremony, which also announced the presence of the partnership in the country.
EASE® Ghana, a subsidiary of African Asset Finance Company (AAFC), successfully launched yesterday at the FOCOS Orthopedic Hospital.
EASE®’s innovative pay-per-use program will enable HTS to pay for the installation and use of a new Siemens Magnetom Free.Star Magnetic Resonance Imaging (MRI) scanner from the cashflows generated by using the equipment. By providing “equipment-as-a-service”, the EASE® Healthcare program is supporting medical organisations like HTS to deliver the highest standards of care to their patients by making access to the latest medical technology more cost-effective.
EASE® Ghana has signed its first customer in the country, introducing its “equipment-as-a-service” model to Ghana’s healthcare sector. FOCOS Orthopedic Hospital is set to receive best-in-class medical diagnostic equipment through EASE® Ghana’s unique pay-per-scan service. The hospital is one of West Africa’s leading healthcare providers and has recently undergone a period of significant growth in patient numbers.
The 2020 Nobel Peace Prize was awarded to the World Food Programme, but there i still a long way to go when it comes to sustainable food systems, says the CEO of AAFC, Frans VanSchaik.
AAFC intends to use the proceeds to strengthen its equity base for funding and growing a diversified portfolio of equipment leasing contracts in Ethiopia and other African markets, with a focus on agricultural and medical equipment.
African Asset Finance Company (AAFC), a New York-based non-bank financial and equipment leasing firm, closed a $30 million redeemable preferred share offering, led by Roha. The financing was completed in two equal tranches.
With South African Airways collapsing into bankruptcy, the fight for dominance among African airlines has one clear winner – Ethiopian Airlines
To supply USD 150 million agricultural machineries. The first foreign-owned leasing company, Ethio Lease, yesterday signed Memorandum of Understanding (MoU) with the Ministry of Agriculture and the Agricultural Transformation Agency (ATA) enabling it to lease agriculture machineries to ATA sponsored farmers’ mechanisation centres.
Ethio Lease, the first foreign-owned leasing company, today announced the signing of a Memorandum of Understanding (MOU) agreement with the Ministry of Agriculture (“MOA”) and the Agricultural Transformation Agency (“ATA”) to lease agriculture equipment to ATA sponsored farmers’ mechanization centers.
African Asset Finance Company (AAFC), a New York-based non-bank financial and equipment leasing firm, appointed Christine D. Gagnon as its chief financial officer. In this new role, she will lead AAFC’s finance, accounting and credit risk functions and report directly to the company’s Chairman and CEO Frans VanSchaik.
Ethio Lease this month became the first foreign-owned company to secure a financial services license in Ethiopia. Simplifying the country’s forbidding bureaucracy would help the country’s leasing market to reach its full potential.
The National Bank of Ethiopia (NBE) has granted a license on Thursday to Ethio Lease, making it the first foreign-owned entity to receive a financial services license in the country.
The National Bank of Ethiopia granted the first financial services license to a foreign-owned company, Ethio Lease, a capital lease provider, as the Ethiopian Government delivers on its promise to gradually liberalize the economy and create jobs.
Ethiopia has taken the first steps towards liberalising its tightly controlled financial sector by granting a business license to a foreign-owned company for the first time.
NAIROBI, Aug 8 (Reuters) - Ethiopia’s central bank granted a financial services licence to a foreign-owned company for the first time on Thursday, as the government begins to open up the economy of Africa’s second most populous nation.
Ethiopia’s central bank granted its first financial services license to a leasing company that plans to bring into the east African country equipment worth $600 million.
Girma Wake, the former CEO of Ethiopian Airlines, along with eight foreign companies and individuals is forming the sixth lease financing company in the country.