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 NewsBeyond its own operations, Ethiopian Airline has also been helping other African national carriers. It revived and owns a 49% stake in Malawi Airlines and a 45% stake in Zambia Airways, among others. It has also been in talks to establish smaller regional bases in Djibouti, Chad, and Equatorial Guinea. It already operates…
Spread the NewsBy Yared Nigussie Green Technologies Ethiopia said it has invested 2.4 billion Birr to expand cleaner energy alternatives. Fitsum Deriessa, General Manager Green Technologies Ethiopia, among the subsidiaries Green Tech Africa, told Origins Business that Green Technologies has so far invested 2.4 billion Birr to import electric vehicles and conduct other activities pertaining…
Spread the NewsEthio Telecom said that it has launched registration of beneficiaries for fuel subsidy scheme at its sales centers. The scheme was initiated by the government. In a bid to realize the scheme, Ethio Telecom has been working with Ministry of Transport and Logistics. The new scheme is targeted to benefit public transport providers…
Spread the News Eyessuswork Zafu, the insurance guru is a Chairperson of the Board for Hibret Bank S.C. He was a founder and Chairperson of Hibret Insurance S.C. He speaks on the challenges, prospects and competitiveness of the insurance industry to Kaleyesus Bekele of Origins Media, excerpts; Insurance business was first introduced to Ethiopia…
Spread the NewsEnat Bank Share Company said that it is about to launch construction of its new headquarters at a plot of land in the financial district commonly known as Senga Tera. “The construction of our new headquarter will be sprawled over 4000 square meter of land, which we received from the City Administration of…
Spread the NewsEthiopian investors are constructing the first private textile industrial park in Hawassa town, the regional capital of Sidama Regional State, at a cost of four billion birr, it was learnt. The textile industrial park will have a total of 14 sheds each resting on 11,000 square meters of land. The industrial park will…
