According to a report from Industrial Vehicle Technology, the company delivered 44 Maxxum 125 tractors to EthioLease, a subsidiary of Africa Asset Finance Company Inc. The report said Ethiolease was formed "to address equipment shortages in Ethiopia by providing financing and leasing services for capital goods across multiple sectors including agriculture."
“We are very proud to supply the first of a large number of tractors to Ethiopian farmers through EthioLease,” said Nardos Admasu, Case IH business manager for Ethiopia. “Over the last two years, Case IH has sold nearly 200 tractors in Ethiopia, increasing visibility of the brand and gaining the trust of the many farmers who are using our machinery. We believe the farmers leasing through EthioLease will benefit greatly from access to our machinery."