non-life insurance – New Business Ethiopia

Ethiopia – Oromia Insurance Company profit up 14 percent

January 5, 2020January 5, 2020newbusinessethiopianews

During the budget year concluded June 30, 2019, Oromia Insurance Company (OIC) has registered a gross profit (before tax) of close to 92.4 million birr (around $2.9 million at the current exchange), which is up about 14% from the previous budget year.

Berhan Insurance of Ethiopia profit increases 24%

December 14, 2019December 14, 2019newbusinessethiopianews

Gross profit (before tax) of Berhan Insurance, the sister company of Berhan Bank, has increased by 24% to 25.5 million birr ($818,882 at the current exchange rate) during the budget year concluded June 30, 2019 compared to the previous year profit.