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Nib Insurance partners with its sister company, Nib Bank, to launch premium financing scheme designed to owners of vehicles that provide public transport services. The new scheme allows code 1 and code 3 public transport services providers to buy motor and life insurance policies for a premium payment of less than 30 Birr a day […]

The chief executive of a US mortgage company, Better.com, in hot water after firing 900 employees on a Zoom call. “I come to you with not great news,” Vishal Garg, CEO of Better.com,  said at the beginning of the video call made on Wednesday last week. Footage of the call was widely circulated on social media.

Ethiopian Airlines, the largest aviation group in Africa, partnered with CarTrawler, one of the World’s leading providers of online car rental distribution systems, to launch car hire and transfer services for its passengers globally. The partnership enables Ethiopian to offer transport service to passengers throughout their journeys. The service allows passengers to rent vehicles from

Ethiopia’s economy exhibits a 6.3 percent growth in the last fiscal year, the Ministry of Finance said. In a televised statement on the Ethiopian Broadcasting Corporation, Ahmed Shide, minister of finance, remarked that Ethiopia’s economy remained resilent despite the war and the economic slowdown caused by the coronavirus pandemic. “Thanks to the last three years

The construction of the headquarters of the Commercial Bank of Ethiopia (CBE) nears completion and is ready to be Inaugurated, sources said. It has been under construction for six years. Built with a cost of over a quarter of a billion dollars, the country’s tallest building is now almost completed, except for some finishing works,

United Insurance reports a 15 percent upsurge in profit, despite an increase in its paid claims during the last fiscal year. The two-decades old Insurance Firm netted 145.1 million Br in the reporting period, while its premium grew by over 20 percent. Non-life Insurance products dominated its portfolio. The share of general insurance from the

Dashen Bank, one of the most profitable private financial institutions in Ethiopia, has signed a deal with Thunes, a global payment network, to facilitate international transfers quickly with an affordable rate. The B2B company will use its solution to connect Dashen with mobile wallet providers, banks, technology companies, and money transfer operators operating in more

Ministry of Mines extends the deadline set for Kefi Minerals to bring finance for the Tulu Kapi Gold Project in Wollega, Oromia Region. The Ministry informed the executives of Kefi to procure the necessary finance for the gold exploration project before the end of January 2022. Kefi confirmed to the Ministry its intention to launch

Ethiopian popular singer, Tariku Gankisi, called for talks to end the war in the north Ethiopia. Tariku, who is known for hit song, Dishta Gina, made the remark during pro-millitary rally held on Sunday November 07, 2021. “”Let no youth go to the front lines to fight, let the elders go holding the fresh grass

Awash Insurance reports a 270 million Br profit during the last fiscal year, according to its audit report released last Saturday. The 43 percent jump in its gross written helped the insurer to register a remarkable profit in the reporting period, its executives said. The firm managed to witness a profit upsurge, despite the impacts