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Eritrea Profile 26 June 2021

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Eritrea Profile 26 June 2021 Vol 28. No.20 Saturday, 26 June, 2021 Pages 8, Price 2.00 NFA BareNtu-shamBiko highway NatioNwide aNti-polio vacciNatioN program reNovatioN uNderway The renovation of the Highway linking Shambiko with Barentu to the prevalence of the cross- is underway, report indicated. The highway has been difficult for border spread of polio virus; the transportation, the report added. disease has been on the verge of eradication as a result of The renovation activity that is being conducted by Bidho and Adi-Halo the regular annual vaccination National construction companies includes construction of 20 meters wide programs conducted. and 10km long road shortcut. It is to be noted that 13 types The roadwork will have significant socio-economic significance in the of vaccinations against various area and that the renovation activity has been completed from Barentu to diseases are being regularly Bushuka. provided to children across the country. In related news, the inhabitants of Kerkasha, Sisima, Sosna, Kona and Kuluku in collaboration with the administration of Barentu sub-zone have According to the Ministry of encouraged those participating at the renovation site. Health the vaccination program will constnue until June 27. The renovation of the Barentu-Shambiko Highway is expected to be completed in the near future. The Ministry of Health has on Mr. Tedros went on to say that 23 June launched nationwide 656 vaccination units as well as anti-polio vaccination program in 1968 health professionals have all sub-zones of the country. been mobilized to successfully conduct the program. Noting that the objective of the FiNaNcial support to augmeNt program is to contain the spread Pointing out that children of the cross-border spread of born after February 2016 are polio virus that has been detected eligible to take the vaccination martyrs trust FuNd in neighboring countries, and children aged from 6 months Nationals inside the country families of martyrs. thousand Swedish Kroner. Mr. Tedros Yihdego, Head of to 5 years will be provided with and abroad contributed financial Speaking to Erina, Mr. National Vaccination Program at Vitamin ‘A’, Mr. Tedros called on support to augment the Martyrs Mengis Gilamichael, chairman Nationals residing in the Ministry of Health, said that parents to take their children to Trust Fund in connection with 20 of the Association, noted that various cities of Australia also the vaccination is being provided vaccination centers. June, Martyrs Day. supporting families of martyrs is contributed 29,224 Australian through injection. Mr. Tedros also said that prior the responsibility of every citizen dollar to augment the Martyrs According to report, nationals and added that the Association Trust Fund and have assumed the residing in Aweil, South has collected 1.4 million Nakfa responsibility of supporting 43 Sudan, contributed 4,190 from 2015-2021 to that effect. families of martyrs. dollars, nationals residing in Harrisburg-Pennsylvania, USA, Meanwhile, about 186,000 Likewise, nationals residing in also contributed 2,239 dollars; Nakfa contributed by civil servants various cities of the Netherlands aNNouNcemeNt From the nationals in Luanda, Angola, and nationals in the Diaspora contributed 26,573 Euro to 3,862 dollars and nationals was disbursed to 284 families of augment the Martyrs Trust miNistry oF health residing in Abu-Dhabi, UAE, martyrs in 12 administrative areas Fund and 1 thousand 800 Euros contributed 10,540 DHS. of Logo-Anseba sub-zone. to support the families of the martyrs, the Embassy of Eritrea Fifty-Six patients have been diagnosed positive for COVID-19 In related news, nationals Similarly, nationals residing in in The Hague reported. in tests carried out yesterday at Quarantine Centers in the Central, residing in Paris, Brussels, and Scandinavian countries, Australia, Similarly, the Eritrean Anseba, and Southern Regions. different Italian cities, Canada and The Netherlands and USA have Community in Oakland, the US commemorated Martyrs contributed financial to augment California, USA, contributed 24, Out of these, thirty-nine patients are from Quarantine Centers in Day with patriotic zeal renewing Martyrs Trust Fund and support 750 dollars; nationals residing Asmara, Central Region. Nine patients are from Quarantine Center their pledge to live up to the families of Martyrs. in Jacksonville, Florida 1,030 in Keren, Anseba Region. Eight patients are from Quarantine expectations of the martyrs. dollars, Eritrean community in Centers in Tsorena (3), Mendefera (2), Mai-Mine (1), Adi-Keih Accordingly, nationals residing San Diego 4,539 dollars, and (1), and Senafe (1); Southern Region. Similarly, the Association of in Scandinavian countries nationals residing in Atlanta and Taxi Owners in the Central region have contributed a total of 208 its environs have contributed 25 On the other hand, 75 patients who have been receiving contributed 1.4 million Nakfa to Norwegian Kroner and 160 thousand dollars. medical treatment in hospitals in the Central (63) and Anseba (12) Regions have recovered fully and have been discharged from these facilities. The total number of recovered patients to date has accordingly risen to 5,222 while the number of deaths stands at 21. The total number of confirmed cases in the country to date has increased to 5,720. Ministry of Health Asmara 25 June 2021 Eritrea Profile, Saturday, 26 June, 2021 Vol 28. No.20 2 NICE: Striving to Benefit the Public Ruth Abraham NICE began its operations with in England and contacts with South most internationally recognized and small capital and limited income. As African Insurance Corporation, one respected corporations. It promotes The National Insurance Mr. Zeru put it, “to initiate insurance of the biggest in the world for mine its image and the image of Eritrea. Corporation of Eritrea (NICE), in the new country was very tiresome insurance and many others. Mr. Zeru said, “We do know we have which was established in 1992, and demanded making efforts our drawbacks, but we are constantly has come a long way to become an constantly. That is why we contacted In 2004 and 2013 NICE sold striving to bring them down.” organization of great reputation. It insurance companies in Germany shares to Eritrean citizens and the has three operation centers, Asmara and England to create linkages.” decisions have paid off in the form NICE covers many types of (Head Office), Massawa and Assab, of building a strong insurance insurance; in fact, there is none that and markets its services through a NICE then signed agreements corporation. At present it has a net it cannot cover because NICE’s network of agents across the entire with the international reinsurance worth of 105 million capital and dependence on reinsurers gives it an country and globe. corporations and continued operating 750 million shareholders’ capital. It absolute security. When there comes with a capital of five million Birr. The has over two-thousand shareholders, a devastating calamity, it is not NICE, the only insurance Insurance sector is big and complex and 56% of the shares are owned NICE that carries the burden but the corporation in Eritrea, gives life and there were not many experts in by Eritrea’s Ministry of Finance companies it is reinsured in. Whatever Mr. Zeru Woldemichael and non-life insurance services and type of insurance is sought, there are believes strongly in the virtues of four international brokers associated trend in insurance technique and it is reinsuring insurances. Reinsurance is with the corporation that link it to indeed effective. What percentage of a case where multiple insurance the desired insurance market. For the whole population is likely going companies share risk by purchasing example, motor insurance is mostly to need medical care in a year? It insurance policies from other insurers handled in Eritrea but if it exceeds is very small, indeed, considering to limit their own total loss in case five million, we bring it down to the the ratio of healthy members of the of disaster. The goal is to ensure that international insurance market with population to the unhealthy ones. no insurance company has too much the help of our brokers. exposure to a particularly large event In the past 29 years, NICE has or disaster. Life insurance is quite new in been built to be a strong insurance Eritrea. Not many people are aware of corporation, with its efficient In explaining the rationale behind its benefits and the collective progress management and well-educated the corporation’s decision to practise it begets but NICE is working on it. personnel. It has raised its capital reinsurance, Mr. Zeru Woldemichael, The law of large numbers works well from 5 million to 105 million Nakfa General Manager of NICE, said, “Our when there is a massive number of and managed to provide sufficient insurance company cannot possibly insurance clients of different ages insurance services to its clients. It has insure a 750 million USD worth and health conditions. The larger the an excellent corporate image both in aircraft. We have business deals with number of the insured is the further Eritrea and abroad. different international companies NICE Headquarters in Asmara the extremes are evened out. and we reinsure the damaged good the field in Eritrea back then. This while 44% belong to Eritrean NICE regularly analyzes the to the concerned companies.” meant that the corporation had to individuals and institutions within NICE has managed to insure capacity of its employees and works deal with the challenges of building Eritrea. The corporation invests in clients up to the age of 80-85. Most to develop them, which is mandatory its human resources almost from various international and domestic insurance corporations in the world for the outstanding job it performs. scratch. businesses. For example, it is a limit the age to 75 or below, but shareholder in African Reinsurance NICE can take up to that age because The corporation is working From1995 on, NICE has been Corporation, with headquarters in it insures the clients in big numbers.
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