EIC Revenue Rises 40% to 18.6 Billion Birr as Market Share Expands
Ethiopian Insurance Corporation reported a 40 percent increase in total revenue to 18.6 billion birr in the fiscal year ended July, with the state-owned insurer raising its share of the domestic insurance market to 34.5 percent. The revenue figure represented 98 percent of the corporation’s annual target, according to its latest annual report. Its...