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[Nov 2017] Ethio Life and General Insurance S.C (ELiG) Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Ethio-Life Insurance Nears NBE’s 75 million Br Requirement

Ethio-Life & General Insurance (ELIG) S.C. is edging closer to the 75 million Br capital requirement set by the National Bank of Ethiopia (NBE) with two months remaining for the deadline.

The firm which reported raising its paid up capital by 30.8pc to 37 million Br in the 2014/15 fiscal year, improved on that further, over the months since July, attaining 55 million Br, Shimeles Gebregiorgis, general manager of the firm told Fortune. This boost included the sale of shares and the recapitalization of the dividends

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