Lion Insurance Company, has announced its commitment to invest in the Ethiopian Securities Exchange (ESX) Lion Insurance’s equity investment will amount to 10 million birr. This investment is part of the initial founding member’s investments provided to ESX, as outlined in the Information Memorandum shared by ESX, alongside Ethiopian Investment Holdings (EIH).

Lion Insurance Company (S.C) Chief Executive Officer Mr. Abreham Mersha said that the decision made to invest in the Ethiopian Securities Exchange is aimed at diversifying the company’s investment portfolio. “As a financial service provider, we are cognizant of the viability and economic significance of establishing the Ethiopian Securities Exchange and we are happy to be part of this process as founding member of this historic and modern establishment. We hope that there will be great opportunities coming with the formation of the Capital Market and the ESX. Accordingly, we are preparing ourselves to address the insurance needs of potential customers in the ecosystem,” said Mr. Abreham Mersha.

“We are delighted by Lion Insurance Company’s decision to join ESX as one of the many founders of this historic exchange,” said Dr. Tilahun E. Kassahun, CEO of Ethiopian Securities Exchange. “Lion Insurance’s investment comes at a critical time as we are finalizing our capital raise process.” ESX will be at the center of Ethiopia’s upcoming capital markets ecosystem, which will soon include a multitude of markets, including equities, fixed income, money markets, and various alternative markets, including equity and debt crowd investment platforms.

Established in June 2007, Lion Insurance Company S.C is a composite insurer providing both General Insurance and Life Assurance covers to customers from different sectors of the economy and the public at large. Over the past 16 years, Lion Insurance Company S.C has managed to expand its market penetration in a sustainable manner. Currently, the company is with good financial standing and remarkable growth trajectory demonstrating its stability & competitiveness in the market.