Ethiopian Investment Holdings (EIH) has achieved a significant milestone by participating in the recent Treasury Bills (T-bills) auction, a move that aligns with the National Bank of Ethiopia’s initiative to broaden access to the T-bills market by including non-bank investors such as institutions and retail participants.
The auction marks a pivotal step in Ethiopia’s efforts to strengthen its primary debt market by diversifying the investor base. Spearheaded by the National Bank of Ethiopia, this reform aims to enhance financial inclusion and support the government’s strategy to mobilize domestic resources through market-based instruments.
As one of the first non-bank entities to engage in this new framework, EIH invested 7 billion Birr in the auction. The landmark moment was celebrated with a ceremonial exchange of a Treasury Bills certificate valued at 7 billion Birr at the Ethiopia Finance Forum. The certificate was formally exchanged between the Governor of the National Bank of Ethiopia, Mamo Meheretu, and Dr. Brook Taye, CEO of Ethiopian Investment Holdings.
This participation underscores EIH’s commitment to supporting the evolution of Ethiopia’s financial sector. The state-owned investment firm emphasized its dedication to advancing strategic investments that align with national development priorities and foster collaboration in the country’s financial market transformation.
