Oromia Regional State identified five towns – Chiro, Yabelo, Sendafa, Ambo, and Tefki, to build industry zones. Chiro and Yabelo are chosen for their proximity to Ethio-Djibouti railway and the Kenyan port, respectively, while Sendafa, Ambo, and Tefki are selected considering their proximity to Bole International Airport.
Oromia Insurance Company SC (OIC) disclosed it had paid a total of 380,000 Birr as compensation for farmers. The claims by the farmers were made following the drought Ethiopia experienced last year as a consequence of El Nino phenomenon.
Oromia Insurance Company (OIC) has announced strong financial results for the fiscal year ending June 30, 2024. Despite the challenges posed by a volatile economic environment, OIC reported a 28% increase in gross written premiums, reaching Birr 2.15 billion.
Oromia Insurance Company S.C., one of the private insurance firms in Ethiopia, bagged a net profit of 33.4 million Birr. However, the performance shows a 38 percent decline when compared to the year previous to it.
Ethiopia's Oromia International Bank has acquired the 13-storey SA building located on Africa Avenue, Bole Road. The Bank bough the building for 210 million Ethiopian birr in June 2013.
SA building, inaugurated in 2006, lies on 1,192 square meter lot and its construction was estimated to have costed 50 million, according to Fortune.
