Ethiopian Reinsurance Eyes African Expasion

December 19 , 2021


Ethiopian Reinsurance Eyes African Expasion

The executives of Ethiopian Reinsurance S.C. (Ethio-Re) plan to expand into other markets in East Africa within the coming five years. The company was incorporated in 2016 as the country's first reinsurance firm. Though its performance over the first two years of operation were shaky, Ethio-Re has been consolidating over the past three years. Its paid-up capital surpassed the one billion Birr mark last fiscal year. The company has also been implementing a strategic plan developed by Deloitte since last July, and hopes to use a recent B- international rating it received from GCR Rating, a South African rating agency, to attract business in East Africa.


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Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...