News & Events

Nyala Insurance Launches New Insurance Product, “Diaspora Special Insurance”

Addis Ababa (21st December 2021) – Nyala Insurance S.C. (NISCO) announced that it has launched a new insurance product, named “Diaspora Special Assistance”  in a view to provide  insurance covers to Ethiopian  nationals who are permanently residing outside their home country.  

                   Diaspora Special Assistance               

Nyala Insurance Registers More than 30 per cent Profit Growth

  • The General Assembly decides to increase the capital by Birr 104 Million

Addis Ababa  (2nd December 2021) – Nyala Insurance S.C. (NISCO) disclosed that  it has recorded a gross profit of Birr 194.4 million from its general and long-term insurance operations, an increase of 30.2 per cent compared to the previous fiscal year.

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...


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...


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