Ethiopian Investment Holdings

Ethiopian Investment Holdings
Native name
የኢትዮጵያ ኢንቨስትመንት ሆልዲንግስ
Company typeState-owned
GenreSovereign wealth fund
FoundedDecember 2021
31 January 2022 (2022-01-31) (joined the African SWF)
HeadquartersWingate Street,
Addis Ababa
,
Ethiopia
Area served
Ethiopia
Key people
Brook Taye (CEO)
Total assets45 billion USD (2025)
OwnerEthiopian government
Websiteeih.et

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]

In January 2022, EIH joined the African sovereign wealth fund.

History

Ethiopian 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

  1. ^ "Ethiopian Investment Holdings | IFSWF". ifswf.org. Retrieved 2025-05-31.
  2. ^ "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.
  3. ^ a b "Most of Public Enterprises Administered Under Ethiopian Investment Holdings Become Profitable". ENA English. Retrieved 2025-05-31.
  4. ^ "Sovereign Wealth Funds and the Establishment of EIH_CFO 3" (PDF). Retrieved 31 May 2025.
  5. ^ "Ethiopian Investment Holdings plots bigger growth - CNBC Africa". www.cnbcafrica.com. 2023-07-10. Retrieved 2025-06-06.
  6. ^ khalidwp (2025-01-10). "The Ethiopian Securities Exchange (ESX) Makes Historic Debut - The Ethiopian Securities Exchange Grand Launch". ESX. Retrieved 2025-06-06.
  7. ^ Thomas, David (2025-02-27). "Ethiopia's new stock exchange targets 90 listings in first decade". African Business. Retrieved 2025-06-06.
  8. ^ "Brook Taye, Takes Helm of Sovereign Wealth Fund – Ethiopian Investment Holdings". Retrieved 2025-06-11.
  9. ^ Thomas, David (2024-12-20). "Ethiopian SOE boss: Our strategy is reform, not privatisation". African Business. Retrieved 2025-06-11.
  10. ^ "EIH Adds Eight State-owned Enterprises to its Portfolio". Ethiopian Monitor. 2024-12-04. Retrieved 2025-06-06.
  11. ^ Insight, Addis (2025-01-04). "Eight Public Development Organizations Officially Join Ethiopian Investment Holding". Addis Insight. Retrieved 2025-06-06.
  12. ^ "Ethiopia Investment Holdings, Azerbaijani Counterpart Agree to Collaborate". Ethiopian Monitor. 2025-02-14. Retrieved 2025-06-06.
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