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BEHAILU AYELE


FORTUNE STAFF WRITER


BEHAILU AYELE's Articles

Belgian, Local Firm Venture into Chemical Manufacturing

Jan 26 , 2019 . By BEHAILU AYELE

In a franchise arrangement, an Ethiopian businessperson and a Belgian firm are settin...


Risk Taking Lifts Profits at NICE

Jan 19 , 2019 . By BEHAILU AYELE

Claims control helped the quarter century old National Insurance Company of Ethiopia (NICE) to recorded a sizable 41.3 million Br in net pro...


Abyssinia Upgrades Data Center, Core Banking

Jan 12 , 2019 . By BEHAILU AYELE

Bank of Abyssinia upgraded its data centre at a cost of 100 million Br. The bank is also in the final sta...


NBE's Stringent Law Stagnates Zemen's Growth

Jan 12 , 2019 . By BEHAILU AYELE

Zemen Bank, the 10-year-old private bank, posted a two percent growth rate in the last fiscal year. Th...



Nile's Profit Plummets Nearly in Half

Jan 12 , 2019 . By BEHAILU AYELE

Nile Insurance's net profit fell by nearly half last fiscal year and reached 63.5 million Br, the same fi...


Ministry Manoeuvres Toward Digital Economy

Jan 5 , 2019 . By BEHAILU AYELE

The Ministry of Innovation & Technology is revising its 15-year-old policy in a bid to digitise the n...


Dashen Buoys Profit, Dividend

Jan 5 , 2019 . By BEHAILU AYELE

Dashen Bank, one of the leading private banks, declared a 14pc increase in net profit, registering 904.3 million Br during the last financia...


Ethio-Re Rebounds From Losses

Jan 5 , 2019 . By BEHAILU AYELE

The lone local re-insurance firm, Ethiopian Reinsurance S.C (Ethio-Re), has reversed its loss record and registered a profit for the first t...



Addis Bank Reports Lukewarm Profit

Jan 5 , 2019 . By BEHAILU AYELE

One of the youngest entrants into the banking industry, Addis International Bank, registered a net profit of 112.9 million Br, an 18pc incre...


Abyssinia Bank Exec Joins Fintech Firm

Dec 29 , 2018 . By BEHAILU AYELE

Premium Switch Solutions (PSS), the electronic solutions share company that operates the electronic payme...


Nib Pays Private Industry Record Claim

Dec 29 , 2018 . By BEHAILU AYELE

Nib Insurance Company, one of 17 private insurance firms, paid out record high claims in the private indu...


Central Bank to Raise Insurer Investment Ceilings

Dec 27 , 2018 . By BEHAILU AYELE

The central bank is amending its directives to raise insurance company investment ceilings on acquisition...




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