Nib Bank S.C., one of the private banks in Ethiopia, has signed an agreement with KPMG East Africa Limited for the designing and formulation of management strategy of the bank. The agreement is said to be worth between 20 to 25 million Birr.
Habtemariam Shumgizaw, Chief Executive Officer of National Insurance Company of Ethiopia (NICE), has stepped down from his authority to retirement. His retirement is going to be effective from Saturday, November 1, 2014.
National Insurance Company of Ethiopia S.C. (NICE), one of the insurance firms in Ethiopia, lost its CEO, Tedros Bogale. His resignation, according to Fortune, is going to be effective from January 7, 2017.
Nigma Motors and Spare Parts Plc, a sister company of Nigma Agro Industry has begun assembling automobiles with 57 million Birr capital, Addis Fortune reported.
Nile Insurance S.C. reported Birr 560.5 million in pre tax profit for the 2024/25 fiscal year, a 16.6 percent increase from Birr 480.6 million the previous year, according to its annual report.
