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BusinessA promising partnership between Ethiopian Investment Holdings (EIH) and Dodai Group Inc. has come to an amicable end. The two entities jointly announced the termination of a Memorandum of Understanding (MoU) signed on October 21, 2024, aimed at advancing sustainable mobility and job creation in Ethiopia. The decision, revealed today, follows months of in-depth discussions
BusinessIn a decisive move to revitalize its logistics sector, the Ethiopian federal government has granted operational licenses to three companies, effectively dismantling the long-standing monopoly held by the state-owned Ethiopian Shipping & Logistics Services (ESLS). This policy shift heralds a new era of competition, aiming to address critical inefficiencies and high costs that have impeded
Ethio telecom has reported its provisional performance results for the first six months of the Ethiopian Fiscal Year (EFY) 2017 for Ethiopian Investment Holdings. The company reported a 7.9% year-on-year increase in subscriptions, a 43% increase in top-line growth rate, and a 55.5% increase in EBITDA margin/rate. Total revenue for the period reached 61.9 billion
BusinessAddis Ababa, March 17, 2025 Ethiopian Airlines, Africa’s leading aviation group, has announced the expansion of its charter service with the addition of a dedicated Boeing 737-800 Business Jet (BBJ). This new aircraft will cater exclusively to VIP and smaller group charter flights, reinforcing the airline’s commitment to providing premium travel solutions for Africa’s investors,
BusinessEthiopian Airlines, a leading African carrier, has partnered with the African Development Bank (AfDB) to develop the ambitious Bishoftu International Airport, a project valued at $7.8 billion. The agreement, formalized through a memorandum of understanding, aims to significantly boost Ethiopia’s aviation capacity. The project, slated for completion by 2040, will expand the airport’s capacity to
BusinessAfrica Farming Industries (AFI) has signed a Memorandum of Understanding (MoU) with the Industrial Parks Development Corporation (IPDC) to establish a state-of-the-art agricultural facility in the Bole Lemi Special Economic Zone (SEZ), aimed at producing and exporting high-value strawberries and saffron. This two-million-dollar investment marks a significant step in Ethiopia’s ambition to become a global
BusinessThe Ethiopian Commodity Exchange (ECX) has ushered in a new chapter of leadership with the appointment of a new Chief Executive Officer (CEO) and two deputy CEOs. During a recent meeting, the ECX Board of Directors officially announced that Ato Mergia Baysa will take the helm as the institution’s new CEO, succeeding Ato Wendmagegn Negera,
BusinessEthiopian Investment Holdings (EIH) continued its comprehensive mid-year performance review of state-owned enterprises (SOEs), examining a diverse range of sectors from tourism and vaccines to housing, toll roads, and electric power. The dialogues revealed a mix of successes, ongoing projects, and areas requiring further attention. The Ethiopian Tourist Trading Enterprise (ETTE) showcased a strong performance,
BusinessDay two of Ethiopian Investment Holdings’ (EIH) mid-year performance review of state-owned enterprises (SOEs) focused on the transportation and industrial sectors, revealing both significant challenges and encouraging progress. The Ethiopian Railway Corporation (ERC) faced scrutiny for financial difficulties, while the Ethiopian Industrial Inputs Development Enterprise (EIIDE) was lauded for its strong performance. The ERC presented
BusinessEthiopian Investment Holdings (EIH) has announced the appointment of Ato Getu Geremew as the new Chief Executive Officer of Ethiopian Electric Utility (EEU). He replaces Ato Shiferaw Telila. The leadership transition is part of EIH’s ongoing commitment to transform State-Owned Enterprises (SOEs) and drive operational excellence. EIH emphasized its dedication to ensuring greater efficiency, accountability,
BusinessIn a landmark event held at the Science Museum, Ethiopia unveiled its first electronic passport (E-passport), marking a significant advancement in the country’s travel documentation system. The initiative, a collaboration between Immigration and Citizenship Services (ICS), Ethiopian Investment Holdings (EIH), and Toppan Security Ethiopia S.C., promises enhanced security, streamlined processes, and international recognition. The launch
BusinessEthiopian Investment Holdings (EIH) has commenced its mid-year performance review of state-owned enterprises (SOEs), with the first day’s dialogues revealing a range of outcomes across diverse sectors. The review, covering the first half of the 2017 Ethiopian Fiscal Year (EFY), highlighted both successes and ongoing challenges, setting the stage for further evaluations in the coming
