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Nyala Insurance Grosses 184.3 million birr profit before tax for the 2019 / 2018 f.y
Nyala Insurance has earned a gross profit of 184.3 million birr, which is the largest profit recorded from all the private insurance companies in Ethiopia for the year 2019 / 2018.
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Abay Industrial Development S.C sets up Abay Garment Factory in Gonder for 452 million birr
Abay Industrial Development S.C., the economic wing of Amhara Regional State, has set up its fourth manufacturing plant in Gonder town for 452 million Br. Abay Garment Factory, located 500Km north of the capital, rests on four hectares of land with three sheds each covering 4,618Sqm of land. The plant will make polo shirts, T-shirts, trousers, jeans and khaki trousers.
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Best Private Insurance Companies in Ethiopia for 2019 / 2018 f.y
This is a list of the most profitable private insurance companies in Ethiopia as per their annual financial performance of 2019 / 2018 fiscal year.
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Lion International Bank Earns 695.5 million birr gross profit for 2019 / 2018 budget year
Lion International Bank has reported that it has earned 695.5 million birr gross profit for 2019 / 2018 budget year. As per the company’s annual financial report, the net profit has now reached 539 million birr.
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Zemen Bank Earns 636 million birr gross profit for 2019 / 2018 financial year
Zemen Bank has reported a gross profit 636 million birr for the 2019 / 2018 financial year. The net profit of the bank now stands at 483.7 million birr.
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