The Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund, has begun a wide-ranging leadership and governance overhaul across its portfolio of state-owned enterprises, marking a shift away from long-standing public sector management practices toward a more commercially driven model.
Ethiopian Investment Holdings (EIH) has reported robust performance across its portfolio during the past fiscal year, driven by growth in energy, engineering, hospitality, logistics, and sugar production.
The Ethiopian Investment Holdings (EIH) signed a memorandum of understanding (MoU) with US International Finance Partners (USIFP) on the sidelines of the U.S.-Africa Business Summit in Luanda, Angola. The agreement, worth over USD 200 million, aims to develop luxury hotels, branded residences, and related tourism facilities in Ethiopia.
Ethiopian Investment Holdings (EIH) has signed an MoU with Great Horn Investment Holding to co-invest in petroleum storage facility in Djibouti, EIH announced. The joint investment will be "the first of a series of investment undertakings that will help relieve one of the major constraints of Ethiopia's and the region's economy," EIH stated in a tweet.
Ethiopian Investment Holdings (EIH) has introduced a new digital platform named Adera, developed to collect reports related to corruption and malpractice within state owned enterprises under its management. The platform is available through a website and mobile application.
