United Insurance Company (UNIC), one of the private insurers in Ethiopia, has reported a net profit of 60.81 million Birr in the past fiscal year. The performance shows a 1 percent increase when compared to the insurance company’s 2014/2015 year performance.
United Insurance Company S.C. secured 62.7 Million Birr net profit in the last fiscal year. This figure is slightly higher than what the company managed to earn in the 2012/2013 fiscal year, 60 Million Birr.
United Insurance S.C. (UNIC) after securing an approval from the National Bank of Ethiopia (NBE) started rendering a Funeral Insurance Cover.
Urban Infrastructural Program, which will run starting from March 2018 and which is said to benefit over 7 million Ethiopians, was launched today. “Ethiopia is urbanizing rapidly and has one of the fastest growing urban populations in the world,” said Anne Bakilana, World Bank Program Leader, during its launching program adding that “as in other countries, urbanization in Ethiopia has been associated with high level of economic growth, averaging 10.4 percent between 2003 and 2013.”
The urban themed innovation ideas competition held its first round of selections of competitors, Capital reported.
