Insurers Lobby Inks Deal with Bruh Finance

Oct 15 , 2022

Bruh Finance and the Ethiopian Insurers Association, an industry lobby group, have inked deals to jointly provide insurers with training and technical support in compliance with the Chartered Insurance Institute standards. The supports include professional capacity building, technology transfer, and expanding life insurance products. Established in 1990, the Association works to promote and advance the insurance industry and acts as a medium of consultation and communication with the National Bank of Ethiopia (NBE), the regulatory agency. Bruh Finance works with various financial institutions in different countries: Chartered Insurance Institute, GB & CO Chartered Accountants, The London Institute of Banking & Finance, and CISI Education Partner - to accelerate the competence of financial institutions by providing banking, insurance, and capital market support with internationally recognized insurance experts. Close to two dozen insurers provide general and life insurance services.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...