Nile Insurance: increasing results in 2010

Nile Insurance has achieved a turnover of 150 million ETB (11.9 million USD) during the 2009/2010 period ,that is, 13 million ETB (1 million USD) more than the previous year.

Over the past two years, profit has increased from 4.1 million ETB (416 191 USD) to 31 million ETB (2.47 million USD).

Shareholders agreed to raise the capital from 43.9 million ETB (3.5 million USD) to 100 million ETB (7.9 million USD).