The Ethiopian Investment Holdings (Amharic: የኢትዮጵያ ኢንቨስትመንት ሆልዲንግስ; EIH) is a sovereign wealth fund headquartered in Wingate Street, Addis Ababa, Ethiopia. Established in December 2021, EIH encompasses thirty largest companies like Ethio telecom and Ethiopian Airlines.[1]
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Native name | የኢትዮጵያ ኢንቨስትመንት ሆልዲንግስ |
|---|---|
| Type | State-owned |
| Genre | Sovereign wealth fund |
| Founded | December 2021 31 January 2022 (joined the African SWF) |
| Headquarters | Wingate Street, Addis Ababa , Ethiopia |
Area served | Ethiopia |
Key people | Brook Taye (CEO) |
| Total assets | 45 billion USD (2025) |
| Owner | Ethiopian government |
| Website | eih |
In January 2022, EIH joined the African sovereign wealth fund.
History
editEthiopian Investment Holdings (EIH) was established in December 2021 under Council of Ministers regulation No. 487/2022, with formal inauguration on 31 January 2022.[2][3] It has a vision of creating "wealth, finance national development, and improve living standards for present and future generations".[4]
According to deputy CEO of EIH Yasmin Wohabrebbi, most companies under EIH are profitable due to wide range reform to improve their activities.[3]
EIH joined the African Sovereign Investors Forum in July 2023.[5]
Since October 2023, EIH owns a 25% share of the Ethiopian Securities Exchange (ESX) in a public-private partnership. EIH also list some of its companies on the ESX, such as the Ethiopian Shipping and Logistic Services and the Ethiopian Insurance Corporation.[6][7]
In August 2024, Brook Taye was appointed CEO of EIH.[8][9] In December 2024, EIH announced that eight new enterprises were added to its portfolio, which were previously managed by the Public Enterprises Holding and Administration.[10][11]
EIH signed a Memorandum of Understanding with the Azerbaijan Investment Holdings in February 2025.[12]
References
edit- ↑ "Ethiopian Investment Holdings | IFSWF". ifswf.org. Retrieved 2025-05-31.
- ↑ "Ethiopia - Investment Proclamation No1180/2020 | Investment Laws Navigator | UNCTAD Investment Policy Hub". investmentpolicy.unctad.org. Archived from the original on 2025-03-25. Retrieved 2025-05-31.
- 1 2 "Most of Public Enterprises Administered Under Ethiopian Investment Holdings Become Profitable". ENA English. Retrieved 2025-05-31.
- ↑ "Sovereign Wealth Funds and the Establishment of EIH_CFO 3" (PDF). Retrieved 31 May 2025.
- ↑ "Ethiopian Investment Holdings plots bigger growth - CNBC Africa". www.cnbcafrica.com. 2023-07-10. Retrieved 2025-06-06.
- ↑ khalidwp (2025-01-10). "The Ethiopian Securities Exchange (ESX) Makes Historic Debut - The Ethiopian Securities Exchange Grand Launch". ESX. Retrieved 2025-06-06.
- ↑ Thomas, David (2025-02-27). "Ethiopia's new stock exchange targets 90 listings in first decade". African Business. Retrieved 2025-06-06.
- ↑ "Brook Taye, Takes Helm of Sovereign Wealth Fund – Ethiopian Investment Holdings". Retrieved 2025-06-11.
- ↑ Thomas, David (2024-12-20). "Ethiopian SOE boss: Our strategy is reform, not privatisation". African Business. Retrieved 2025-06-11.
- ↑ "EIH Adds Eight State-owned Enterprises to its Portfolio". Ethiopian Monitor. 2024-12-04. Retrieved 2025-06-06.
- ↑ Insight, Addis (2025-01-04). "Eight Public Development Organizations Officially Join Ethiopian Investment Holding". Addis Insight. Retrieved 2025-06-06.
- ↑ "Ethiopia Investment Holdings, Azerbaijani Counterpart Agree to Collaborate". Ethiopian Monitor. 2025-02-14. Retrieved 2025-06-06.