Ethiopian Investment Holdings (EIH) has announced the expansion of its portfolio with the addition of eight prominent State-Owned Enterprises (SOEs). This milestone follows the decision of the EIH Board of Directors, in accordance with Council of Ministers Regulation No. 487/2022, Article 8. The transfer of ownership from the Public Enterprises Holding and Administration portfolio to EIH includes:
- Ethio Post
- Ethio Engineering Group
- Ethiopian Industrial Inputs Development Enterprise
- Ethiopian Railway Corporation
- Industrial Parks Development Corporation
- Development Bank of Ethiopia
- Ethiopian Electric Power Corporation
- Subsidiaries of Ethio Pharma Group: National Veterinary Institute & ShieldVax
This strategic addition signifies a major step in reshaping Ethiopia’s state-owned enterprises, enhancing their efficiency, and boosting their competitiveness in both domestic and global markets.
Transforming State-Owned Enterprises
EIH’s CEO, Dr. Brook Taye, expressed his enthusiasm for this milestone, stating:
“We are thrilled to welcome these exceptional enterprises into the EIH family. These SOEs are vital to Ethiopia’s industrialization and economic growth. Through professional management and active ownership, we aim to modernize their operations, attract investments, and elevate their global competitiveness. This expansion is a key element of our mission to create wealth, drive economic development, and improve the standard of living for future generations.”
With the inclusion of these enterprises, EIH’s portfolio now spans critical sectors such as infrastructure, energy, finance, and industrial development. This growth strengthens its role as Ethiopia’s strategic investment arm, driving innovation, productivity, and sustainable economic progress.
EIH plans to support these enterprises with:
- Strong corporate governance to ensure transparency and accountability.
- Operational efficiency to maximize productivity and profitability.
- Strategic investments aligned with national development priorities.
- Partnerships to attract local and international investors for long-term value creation.
