Ethiopian Reinsurance Eyes African Expasion

December 19 , 2021

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.


UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


Stair Shop

A shop and a shoeshine stall have been set up under the stairs of an overhead bridge. In the most crowded parts of Addis Abeba, there is always some type of vendor selling everyday goods, serving the lower-income population...