Anbessa (Lion) Insurance has earned 63.9 million birr profit before tax for the 2022/2021 budget year. The company managed to earn an earning per share (EPS) of 8.52 which is a small decrease compared to the previous year amounting 9.04… Read More
The new capital requirement to obtain a general insurance license is 400 million birr, up from 60 million birr. The minimum capital for long-term insurance licenses was also raised from 15 million to 100 million birr. A company needs to… Read More
Nib Insurance managed to earn 172.9 million birr gross profit after collecting a gross written premium of 709.4 million birr for the 2022/2011 budget year. Compared to the previous year, the company gross written premium grew by 24% while the… Read More
A Ceremony for Admas Digital Lottery (አድማስ ዲጂታል ሎተሪ) was held on November 1, 2022 (ጥቅምት / Tikimt 22, 2015) which carries a maximum prize money of 1.5 million birr for the 1st prize, 800,000 birr for second prize and… Read More
A ceremony for Regular Draw Lottery 1671 (መደበኛ እጣ ሎተሪ) which carries a prize money of 600,000 birr for the 1st prize, 300,000 birr for second prize and 125,000 birr for third price was held on October 27, 2022 (ጥቅምት… Read More
Berhan Bank has registered a profit before tax of 583.4 million birr 2022/2021 fiscal year which is 72.8 percent above last year’s profit. The total capital and the paid up capital reached Birr 4.5 billion and Birr 3.2 billion, respectively… Read More
Dashen Bank Posts 3.8bln Birr Gross Profit for 2022/2021 fiscal year. The Bank stated that the profit is 57 percent higher compared to the 2020/2021 fiscal year. The Bank further announced that it was able to collect 16.7 billion Birr… Read More
Ministry of Finance Prohibits Import of cars, gum, chocolate, jam, tuna, table salt and many other products to ease the shortage of foreign currency. National Bank of Ethiopia has stated that it will punish banks that will open letter of… Read More
A ceremony for Regular Draw Lottery 1670 (መደበኛ እጣ ሎተሪ) which carries a prize money of 600,000 birr for the 1st prize, 300,000 birr for second prize and 125,000 birr for third price was held on October 13, 2022 (ጥቅምት… Read More
A ceremony for the 2nd round Admas Digital Lottery which was launched with the partnership of Ethio Telecom via TeleBirr and National Lottery Administration of Ethiopia was held on September 21, 2022 (መስከረም / Meskerem 11, 2014). Admas Digital Lottery… Read More