Lion Insurance Company has reported a profit of 57.098 million after tax as of July 2021.
The insurance company has enabled to write a net premium income of 306,322 million Birr in the stated period.
During the reported year the amount of net claims paid was 187,982 million Birr.
The total equity of Lion has expanded to 285,545 million Birr from 243,122 million Birr a year ago.
Spread the NewsBGI Ethiopia has officially launched its internship program by recruiting students from Addis Ababa University (AAU). The program was held on Tuesday, February 15, 2022 at the premises of AAU. It was on October 2020 that BGI Ethiopia signed a memorandum of understanding with AAU, to implement the BGI XP internship Program. Back…
Spread the NewsDiageo PLC, the world’s leading seller of premium liquors, has sold Meta Abo Brewery to undisclosed buyer. The acquisition of Meta Abo brewery will be finalized in a month, according to sources. But the buyer and its value of acquisition is not disclosed so far. A decision to sell the brewery in a…
Spread the NewsEthiopian Petroleum Supply Enterprise (EPSE) announced that if the global oil and gas price continue to rise, the country needs to invest $6 billion in a year to purchase oil and gas for its consumption. Tadesse Hailemariam, CEO of EPSE told Ethio Trade and Investment Forum that “Ethiopia needs to invest $6 billion…
Spread the NewsGeeta Pasi, Ambassador of the United States to Ethiopia has visited Hawassa. During her daylong visit, the Ambassador met with business leaders, workers, academics, and journalists to discuss about U.S. government programs to hear from them about their experiences in their respective fields. The Ambassador visited the Hawassa Industrial Park (HIP), the first sustainable textile and apparel…
Spread the NewsThe Ethiopian Diaspora Agency (EDA) said Ethiopians living abroad have sent more than $1.64 billion home in the first five months of the current fiscal year. The amount has been remitted using legal channels, according to EDA. Ethiopia has a target to garner $4 billion through remittance in the 2021/22 fiscal year. In…
