About us

Investments

Besides the core business of offering insurance services to the market, Nyala Insurance S.C. in accordance with the National Bank directives participates in property and equity investments including the following:  

  • Ongoing construction project of an eighteen story modern building in Addis Ababa, on Africa Avenue,
  • Acquisition of a 5-story building through purchase in Addis Ababa, on Mickey Leland Street,
  • Construction of a G+5 office complex in Addis Ababa around Gerjie area,
  • Acquisition of a large plot of land in Addis Ababa around Kality area for preserving claim recovery items and development of office property,
  • Purchase of a G+1 building over a large area in Nazareth town for development of a rental building,
  • Construction of a G+4 modern building in Bahir Dar town,
  • Equity investment in shares at Dashen Bank,
  • Equity investment in shares at Ethiopian  Reinsurance Company, and
  • Equity investment in shares at Africa Reinsurance Corporation

 

 

 

 
 

An overview

Nyala Insurance Share Company (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994. Read more...

Investments

Apart from its major investments in real estates in the downtowns of Addis Ababa, Bahir Dar and Nazareth, Nyala Insurance selectively invests in various financial institutions like Dashen Bank, which have potentially high investment returns. Read more...

Links

Contact us

Protection House, Mickey Leland Street

Tel: +251-11-6626679/80/76