ADDIS ABABA (NISCO)–By raising the project’s theme, “One-Tree per One-customer,” Nyala Insurance SC (NISCO) has planted over two thousand various local and foreign plant species around Entoto Mountain by mobilizing forest experts and staff on 2nd August 2018.
This became a reality when NISCO objectively formulated the project hoping to play a vital role in developing the country’s reforesting efforts.
Ato Tegegne Masresha, Marketing and Business Development Executive Office of NISCO, said the company has initiated the project to plant many trees in the name of its esteemed customers for discharging corporate social responsibilities on the nation’s forest development and allowing people to the enjoy wisdom of trees.
For that matter, NISCO has, Ato Tegegne added, entered into contract agreement with the Bureau of Environmental Protection of Gulele Sub-city so as to adequately look after the plants by supplying the required essential inputs like water together with timely hoeing up until they survive well.
Apart from safeguarding the planted trees, Tegegne confirmed that NISCO will continue to plant a number of other species of trees every budget year based on the number of customers who hold active insurance policies within the company.
On the other hand, Ato Wondossen Shiferaw, Coordinator, Bureau of Environmental Protection of the Sub-city, thanked Nyala Insurance SC for its formulation of one-tree per customer project to take part in the green initiative by allocating budget and logistics.
Ato Wondossen added that planting trees is a great first step, they will need to be protected cared for. Nyala’s commitment is a commendable approach, and the Bureau is ready to support the project.
About Nyala Insurance SC
Nyala Insurance SC (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994. Over the years Nyala Insurance become one of the leading private insurance companies in Ethiopia. Currently, NISCO guarantees protection with care to its customers through three pronged services – General, Life and Micro-insurance solutions with a network of 43 service outlets (28 Service Centers and 15 Contact Offices) distributed all over the country.
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