Addis Ababa ,March 31/2025 (ABN)

In an impressive demonstration of investor confidence, Family Health Life Insurance S.C (Under-formation) announced the successful mobilization of over 300 million Birr in subscribed capital within a mere four-month period. The company anticipates finalizing its capitalization process within the next two months, paving the way for its official launch. Notably, the participation of 44 hospital shareholders has facilitated the establishment of the Family Medical Network, a crucial step in enhancing healthcare accessibility and quality.

A significant Memorandum of Understanding (MoU) was signed between Family Health Life Insurance S.C (Under-formation) and Aspire MFI (UF). This strategic partnership will focus on collaborative initiatives in healthcare financing, premium financing solutions, and capacity development, aiming to bridge financial gaps and improve healthcare affordability for Ethiopians.

This landmark event underscores the growing dynamism of Ethiopia’s private health insurance landscape and signifies a major stride towards strengthening the nation’s healthcare infrastructure. Family Health expresses its sincere gratitude to all attendees for their invaluable contributions to this historic occasion.