Ethiopian Investment Holdings (EIH) has expanded its portfolio by incorporating eight key government institutions, further enhancing its role in managing and transforming state-owned enterprises.
The newly added entities include Ethio Post, Ethio Engineering Group, Ethiopian Industrial Inputs Development Enterprise, Ethiopian Railway Corporation, Industrial Parks Development Corporation, Development Bank of Ethiopia, Ethiopian Electric Power, Animal Health Institute, and ShieldVax.
These institutions, previously managed by various government development organizations, are now under the ownership and management of Ethiopian Investment Holdings. The move is part of a broader strategy to centralize the oversight of state-owned enterprises, streamline operations, and maximize their contributions to Ethiopia’s economic growth.
Dr. Brook Taye, CEO of Ethiopian Investment Holdings, expressed optimism about the expanded portfolio. He emphasized the organization’s commitment to driving the transformation of these institutions through active ownership, professional management, and the attraction of local and foreign investments.
EIH plans to focus on fostering partnerships that create immediate growth and strengthen long-term relationships, generating value for the Ethiopian economy. The institution’s vision includes aligning these enterprises with global best practices, enhancing their operational efficiency, and positioning them as attractive opportunities for investors.
Source: Sheger FM 102.1
