Ethiopian Insurance Corporation (EIC), a state owned enterprise, reported 203.5 million birr profit during the first quarter of the fiscal year, Walta Information Center reported.
The companies earning includes general and life insurance services as well as other investments, according to Fikru Tsehaye, EIC’s Marketing and Strategic Management Directorate Team Leader.
Add a comment Add a comment
Work for Youth (W4Y), a regional conference which discuss labor market transitions of young women and men and higlight youth employment initiatives in Sub-Saharan Africa will be held from 3-4 December 2013 in Addis Ababa, Ethiopia, according to a press release the International Labor Organization (ILO) sent to Ethiopian News Agency.
Oromia Insurance Company (OIC) reported a 239% rise in gross profit in the 2012/13 fiscal year, Capital reported.
OIC, established about four years ago, earned 28.1 million birr profit before tax in the reported period. The company's report presented to the general assembly indicated that, the insurance company earned 20.2 million birr net profit after tax and legal reserve.
Add a comment Add a commentThe Ethiopian Federal Transport Authority (FTA) started implementing a new regulation which classify transport companies into five categories, Fortune reported.
The classification will be based on the capacities of the transport companies and is intended to create a transparent and modern administrative system, according to Fortune.
Add a comment Add a commentElilly International Hotel, a new five-star hotel was inaugurated on Saturday, November 23, 2013, Capital reported. The 154 rooms hotel includes a penthouse and two presidential suites.
Elilly International Hotel also have a swimming pool, spa, gymnasium, night club and restaurants.
Add a comment Add a comment
