Lion Insurance Joins Exchange Investment Pool

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Lion Insurance Joins Exchange Investment Pool

Apr 1 , 2024

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Lion Insurance Company S.C. has joined the growing roster of investors in the Ethiopian Securities Exchange (ESX), marking a pivotal shift for the insurance industry. The company signed a deal to acquire a 10 million Br stake in the ESX, following in the footsteps of Zemen and Hibret Insurance who invested 20 million Br and 30 million Br respectively. The signing ceremony saw Abraham Mersha, CEO of Lion andTilahun Kassahun, CEO of ESX. This investment by Lion Insurance demonstrates the confidence of the insurance industry in the future of the ESX. It is a crucial step towards finalising ESX's capital raise, marking a significant moment for Ethiopia's capital market launch.

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