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
- Ethiopian Investment Holdings ifswf.org, retrieved 2025-05-31^
- Ethiopia - Investment Proclamation No1180/2020 investmentpolicy.unctad.org, retrieved 2025-05-31^
- 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 retrieved 31 May 2025^
- Ethiopian Investment Holdings plots bigger growth - CNBC Africa www.cnbcafrica.com, 2023-07-10, retrieved 2025-06-06^
- khalidwp. The Ethiopian Securities Exchange (ESX) Makes Historic Debut - The Ethiopian Securities Exchange Grand Launch ESX, 2025-01-10, retrieved 2025-06-06^
- David Thomas. Ethiopia's new stock exchange targets 90 listings in first decade African Business, 2025-02-27, retrieved 2025-06-06^
- Brook Taye, Takes Helm of Sovereign Wealth Fund – Ethiopian Investment Holdings retrieved 2025-06-11^
- David Thomas. Ethiopian SOE boss: Our strategy is reform, not privatisation African Business, 2024-12-20, retrieved 2025-06-11^
- EIH Adds Eight State-owned Enterprises to its Portfolio Ethiopian Monitor, 2024-12-04, retrieved 2025-06-06^
- Addis Insight. Eight Public Development Organizations Officially Join Ethiopian Investment Holding Addis Insight, 2025-01-04, retrieved 2025-06-06^
- Ethiopia Investment Holdings, Azerbaijani Counterpart Agree to Collaborate Ethiopian Monitor, 2025-02-14, retrieved 2025-06-06^