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 NewsMore than 21 bottled water manufacturers have ceased their production, Fana Broadcasting Corporate reported Thursday. Nation’s bottled water producers that exceed 134 are discussing with Ministry of Industry, Ministry of Trade and Regional Integration, Customs Commission and Addis Abeba Trade Bureau officials. Companies’ representatives also said that other factories are not functioning with…
Spread the NewsBy Kaleyesus Bekele As part of the ongoing celebrations marking the 125th anniversary of the Ethio-French diplomatic relations, French aviation and technology firms demonstrated their products and services on Thursday October 13 at a meeting organized by the French Embassy and Ethiopian Airlines at the Ethiopian Skylight Hotel. Some 16 French aviation and…
Spread the NewsAdanech Abiebie, Mayor of Addis Abeba has inaugurated the first modern road project covering the area from Sarbet – Alexander Pushkin Square – Gofa Mazoria to the end of the Gotera Interchange on Monday. The new road is located in Nifas Silk Laphto District. Jantirar Abay, Deputy Mayor of Addis Abeba, Ahmed Shide,…
Spread the NewsBy Kaleyesus Bekele Rolls-Royce pioneers sustainable technologies that deliver the cleanest, safest and most competitive solutions for our planet’s vital power needs. Many can be forgiven for associating Rolls-Royce with the British luxury car manufacturer.But, with more than16,400 aero-engines in service worldwide, Rolls-Royce has grown from the electrical and mechanical business established by…
Spread the NewsThe Addis Abeba City Administration Cabinet has approved a budget of 100.05 billion Birr for the 2022–2023 Ethiopian fiscal year. The upcoming fiscal year will begin on July 8. The proposed expenditure plan was approved by the Cabinet during its eleventh regular meeting of its first term on Tuesday, June 28, 2022. Adanech…
Spread the NewsEthiopian Airlines, the largest network operator in Africa, announced Monday that it has commenced a passenger flight to Amman, Jordan, as of September 19, 2022. The flight will be operated thrice weekly. With the easing of the negative effects Covid-19 have had on the aviation industry, international air travel has seen an encouraging…
