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Global Insurance Company (GIC) was established in 1997 by 23 founding members at an initial paid up capital of 3.75 million Ethiopian Birr in a small office in the old airport area and one contact office in Arada Sub City.In June 2010 GIC had paid up capital of 20 million Ethiopian Birr from 135 shareholders. It is now operating in 12 branches of which 7 are in Addis Ababa. The company has 131 employees.

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