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 NewsEthiopian Airlines has staged a major rebound from pandemic slump, racking in a five 5 billion US Dollar annual revenue in the recently concluded 2021/22 Ethiopian fiscal year. At the height of the pandemic, the company’s revenue was seriously affected after it was forced to suspend 91 of 110 passenger flights. The airlines…
Spread the NewsRecently, the price hike of edible oil shocked customers. Meanwhile, the Russia-Ukraine war lasted over 3 weeks. This war is believed to have economic burdens on developing countries such as Ethiopia. Yared Nigussie of Origins Business spoke to Eshetu Ejara, an Agricultural Economist by trade to know the details, excerpts; Both Russia and…
Spread the NewsEthio telecom launched integrated digital financial services in partnership with Dashen Bank. Dashen Bank will support the financial services with funding while Ethio Telecom is also responsible to develop technological solutions. Three new services will be offered by the partnership of Ethio telecom and Dashen Bank through the mobile money platform Telebirr, which…
Spread the NewsTwenty-five Ethiopian business delegates, who are working on agri-technologies and related businesses, will participate in the upcoming International Agricultural and Gardening Machinery Exhibition (EIMA), the Italian Trade Agency (ITA) disclosed on Monday. The international exhibition, which is slated for November 9 to 13, will be held in Bologna, Italy, organized by FederUnacoma —…
Spread the NewsADMAS Digital Lottery has been launched on Friday via telebirr, a mobile money service through 605 SMS platform. Ethio Telecom and the National Lottery Administration (NALA) signed a strategic partnership to launch the digital lottery. The agreement has been signed between Frehiwot Tamiru, CEO of Ethio telecom and Geremew Gargie, General Manager of…
