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Insurance Corporation Records Strong Premium Growth


Insurance Corporation Records Strong Premium Growth

Ethiopian Insurance Corporation reported a 48pc rise in premium income over the past six months, collecting more than 13.8 billion Br in the first half of the fiscal year. The performance review, held last week, showed gains linked to ongoing operational reforms. The corporation increased premium collections by half a billion birr during the period, exceeding the total growth recorded over the entire previous fiscal year. Chief Executive Officer Abel Tadesse credited customers, employees and industry partners for the results, describing the performance as a notable achievement for the corporation.

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Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


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EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

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Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

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