Nib Bank, Insurance, private firm sign insurance premium financing agreement

Nib Bank, Insurance, private firm sign insurance premium financing agreement

In pursuit of their strategic aspiration to expand customer base and boost growth, Nib Insurance Share Company and its sister company Nib International Bank signed a tripartite agreement with Gasha Commission Agent PLC to launch a premium financing scheme for code 1 and 3 public transport service provider vehicle owners. The agreement aims at availing…

Pilot national digital ID program rolls out

Pilot national digital ID program rolls out

Mamo Mihretu, Senior Advisor and Chief Trade Negotiator at Office of the Prime Minister tweeted on Wednesday that a pilot national digital ID program has enrolled at national level. Mamo added: “The program proves identity for life to all residents in the country is a foundational platform that helps accelerate electronic service delivery and access…

Gov’t pledges to fix security dilemmas for miners

Gov’t pledges to fix security dilemmas for miners

Ministry of Mines has pledged to facilitate activities to resolve security threats that gold miners, who are working in Benishagul-Gumuz region have been facing. Accompanied by Ashadli Hassan, President of Benishangul Gumuz region, Takele Uma, Minister of Mines visited gold miners in Kurmuk in the region on Tuesday. After the visit Takele held a discussion…

Ethiopian launches car hire, transfer service in partnership with CarTrawler

Ethiopian launches car hire, transfer service in partnership with CarTrawler

Ethiopian Airlines, the largest aviation group in Africa, announced that it has partnered with CarTrawler, the leading provider of online car rental distribution systems, launching car hire and transfer services for its passengers globally. The partnership enables Ethiopian to offer seamless transport service to passengers throughout their journeys. Commenting on the launch of the car-hire…

Breaking: Ethiopian Airlines makes 30% air fare discount for Diasporas

Breaking: Ethiopian Airlines makes 30% air fare discount for Diasporas

Following Prime Minister Abiy Ahmed’s (PhD) call to Ethiopian Diaspora to come and celebrate Christmas and New Year, Ethiopia Airlines makes a 30 percent discount on air fare. Ethiopian Airlines, the largest in Africa, disclosed Monday that the discount will be effective for Ethiopian Diaspora’s from December 20, 2021 to January 2022. Prime Minister Abiy…

Banks told not to allocate over 50% of foreign currency for non-priority items

Banks told not to allocate over 50% of foreign currency for non-priority items

The National Bank of Ethiopia (NBE) has unveiled a new directive, which demands for commercial banks to allocate not more than 50% of their foreign currency for items not included in the NBEs new priority list. In addition to this, a minimum of 50% of forex resources is also required to be distributed to these…

Addis Chamber provides 3.2 mln Birr support to displaced people

Addis Chamber provides 3.2 mln Birr support to displaced people

Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA) said it has provided food and non-food items amounting 3.2 million Birr for the Internally Displaced Peoples (IDPs) because of the war. Wheat flour, Rice, Children fortified foods, clothes, sanitary items and blankets, among others, have been provided to the victims of the war. Mesenbet Shenkutie,…

Nyala Insurance amasses gross profit of 194.3 mln Birr

Nyala Insurance amasses gross profit of 194.3 mln Birr

Nyala Insurance S.C. reported that it has amassed a gross profit of 194.3 million Birr in the concluded fiscal year in June 2021. Nyala Insurance conducted its 27th regular and 20th extraordinary general meeting on Thursday at Sheraton Addis Hotel. During the meeting, Getachew Birbo, Chairperson of the Board Directors said: “The profit in the…

Eyezon, electronic support platform collects over $3 mln in month

Eyezon, electronic support platform collects over $3 mln in month

Commercial Bank of Ethiopia announced Friday that over $3 million has been collected by Eyezon, a new electronic platform that helps the Ethiopian Diaspora community to donate finances for the country in a month. “The collected amount reaches 60 percent of the planned amount of $5 million in six months,” said Abie Sano, President of…