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Africa Insurance Company (AIC) is a privately owned professional Insurance Company established in 1994 in accordance with the Licensing and Supervision of Insurance Business Proclamation No.86/1994, and the Commercial Code of Ethiopia.The Company is set up with fully paid up capital of 30 million Ethiopian Birr. The capital is divided into 30,000 ordinary shares, each with a par value of 1000 Ethiopian Birr. The capital base AIC utilises makes it the strongest private Insurance Company in the Country.

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