Africa Insurance Company Profit Latest Ethiopian News

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Most profitable Ethiopian Private Insurance Companies for 2021/2020 budget year

A number of private insurance companies in Ethiopia have reported their unaudited gross profits for the 2021 / 2020 G.C (2013 E.C) budget year which ended on June 30, 2021 G.C (ሰኔ 2013). We have estimated the profit of the remaining insurance companies by carefully analyzing previous year growth, current year’s performance as well as other key factors. The following table will be adjusted whenever new and verified information is available.

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Africa Insurance Records 2.8 million birr loss for the 2019 / 2018 f.y

Ranked among the top three insurance companies two years back, Africa Insurance Company registered only the second loss in its quarter century existence.
The company registered a loss of 2.8 million Br, a drastic fall from the 59.1 million Br profit it made the preceding year. The loss translated into a huge fall in earnings per share that dropped to 16 Br from 334 Br.

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Products and Services in Ethiopia

Date: Jan 17, 2022
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)49.510350.5005
EuroEuro(EUR)56.719057.8534
Pound SterlingPound Sterling(GBP)64.923466.2219
UAE DirhamUAE Dirham(AED)12.197312.4412
Saudi RiyalSaudi Riyal(SAR)11.939612.1784
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Companies and Businesses in Ethiopia

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