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AddisBiz is a website which focuses on providing important and curated business information about the growing Ethiopian business scene for local and international audiences. Our website aims to provide a platform where users from all over the world can conveniently and easily find information about businesses in Ethiopia as well as new laws and developments which might affect businesses in Ethiopia. Our growing business directory has contact details for more than 19,000 companies in Ethiopia. Businesses in Ethiopia can submit their business details and promote their products and services on our website for a very small annual fee. For more details, please visit our contact us page.

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Nib Insurance Nets 145ml br profit for 2020/2019 budget year

Nib Insurance, an 18-year-old firm, registered a remarkable leap in profit growth last fiscal year, netting 145.2 million Br, a 38.8pc increase from the previous year.The massive expansion in profit pushed Nib's earnings per share (EPS), net profit divided by the total outstanding shares, to grow by eight percent to 177 Br.

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Lucy Insurance Earns 9.5ml birr net profit for 2020/2019 f.y

Lucy Insurance reversed the profit decline it faced two years ago and netted 9.5 million Br in profits over the last fiscal year, a 51pc growth from the previous year. Its earnings per share (EPS) have also risen by 47pc to 75 Br.

Two years ago, the firm’s profit and EPS dwindled due to stagnant gross written premium, an increase in commission payments, a surge in claims and rising expenses. During the period in question, Lucy’s profits dropped by almost 20 million Br to 6.3 million Br.

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Products and Services in Ethiopia

Date: Jun 11, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)43.332444.1990
EuroEuro(EUR)52.731253.7858
Pound SterlingPound Sterling(GBP)61.085762.3074
UAE DirhamUAE Dirham(AED)11.795912.0318
Saudi RiyalSaudi Riyal(SAR)11.553811.7849
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