Nyala’s New Year gift for GERD


Nyala Insurance Share Company (NISCO) bought a bond worth 14 million birr for the construction of the Great Ethiopian Renaissance Dam (GERD).
Kemal Mohammed, Directors Board Chairman of NISCO said, “the reason we buy for the bond second time is that the GERD is a big dam that gives us enough electric power for our industry and homes.’’
Alemayehu Tegenu, Minister of Water, Irrigation and Energy during the ceremony which was held on NISCO head office  on January 1 also said, “NISCO is buying bond for the second time and it is a well appreciated work, we need the entire financial sector to do the same thing because this Ethiopian icon dam need everybody’s participation.’’ Previously NISCO bought a 10 million birr bond.