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.