Nyala Insurance S. C. or “NISCO” was established with Birr 5.0 Million. capital and 7.0 Million. paid up, later increased to Birr 25.0 Million. in 19…. and at further increased to Birr 30.00 Million. as at July 2005.The Company has always shown year - to - year growth in manpower, business volume profitability, and above all public acceptance not only as “Caring and Protecting” institution but as part and parallel of the local community.