Ethiopian Investment Holdings
Corporate brand
UnclaimedEthiopian Investment Holdings is Ethiopia's sovereign investment holding entity, overseeing a portfolio of major state-owned enterprises and strategic investments.
Last updated August 31, 2026
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Overview
Ethiopian Investment Holdings (EIH) is Ethiopia's sovereign investment holding entity and a central vehicle for managing the country's major state-owned commercial assets. Established in December 2021 and formally inaugurated on 31 January 2022, it was created under Ethiopia's Council of Ministers Regulation No. 487/2022. Its stated purpose is to create wealth, help finance national development, and improve living standards for current and future generations. The institution brings a portfolio of large Ethiopian enterprises under a more commercially oriented ownership and governance framework. The companies associated with EIH include major strategic businesses such as Ethio telecom and Ethiopian Airlines, as well as enterprises operating in logistics, insurance, and other sectors. Reference material describes the portfolio as encompassing approximately thirty of the country's largest companies. Rather than functioning as a consumer-facing product brand, EIH acts as an institutional owner, portfolio manager, and investment platform for assets considered important to Ethiopia's economy. EIH's formation reflects a broader reform effort intended to improve the performance, accountability, and financial contribution of state-owned enterprises. According to deputy chief executive Yasmin Wohabrebbi, many companies in the portfolio were profitable, with reforms aimed at strengthening their activities and management. The holding-company model is designed to separate the state's ownership role from the day-to-day operation of individual businesses while creating a coordinated approach to capital allocation, enterprise reform, and eventual market participation. The organization has also developed links with regional capital-market and sovereign-investment networks. It joined the African sovereign wealth fund community in January 2022 and became a member of the African Sovereign Investors Forum in July 2023. In October 2023, EIH acquired a 25% stake in the Ethiopian Securities Exchange through a public-private partnership. It has also supported the possibility of portfolio companies accessing the exchange; cited examples include Ethiopian Shipping and Logistics Services and the Ethiopian Insurance Corporation. In December 2024, EIH announced that eight additional enterprises had been transferred into its portfolio from the Public Enterprises Holding and Administration. This expanded its role as the principal institutional platform for Ethiopia's commercial public assets. In February 2025, EIH signed a memorandum of understanding with Azerbaijan Investment Holdings, indicating an interest in international cooperation among state investment institutions. Brook Taye was appointed chief executive officer in August 2024. EIH's positioning is therefore institutional and developmental rather than consumer-oriented. Its responsibilities combine sovereign wealth management, state-asset stewardship, corporate reform, and support for the development of Ethiopian capital markets. Publicly available reference material does not establish a precise total asset value, detailed investment-return record, or a complete current portfolio list, so those figures and details are omitted here.
History
Ethiopian Investment Holdings was created in December 2021 as Ethiopia's sovereign investment holding institution. Its legal basis was Council of Ministers Regulation No. 487/2022, and it received a formal public inauguration on 31 January 2022. The entity was designed to consolidate ownership and oversight of important state-owned commercial enterprises while encouraging stronger governance, improved operating performance, and more disciplined management of public assets. The creation of EIH formed part of Ethiopia's wider reform of public enterprises. Before the holding structure, major government-owned businesses were managed through state administrative arrangements. EIH introduced an institutional ownership model intended to give portfolio companies clearer commercial objectives and to provide the government with a coordinated mechanism for supervising strategic assets. The organization states that its broader vision is to create wealth, contribute to national development financing, and improve living standards for both present and future generations. The portfolio has been described as including around thirty of Ethiopia's largest companies. Among the named enterprises are Ethio telecom and Ethiopian Airlines, two of the country's most prominent strategic businesses. Other associated companies include Ethiopian Shipping and Logistics Services and the Ethiopian Insurance Corporation. EIH is not itself a conventional operating company selling a single product; its role is to manage investments and ownership interests across sectors that are important to Ethiopia's economy. In its early development, EIH established connections with continental sovereign-investment institutions. It joined the African sovereign wealth fund community in January 2022 and became part of the African Sovereign Investors Forum in July 2023. These relationships placed the organization within a broader African network focused on public investment, cross-border cooperation, and the professionalization of sovereign wealth management. A significant capital-market step followed in October 2023, when EIH took a 25% stake in the Ethiopian Securities Exchange in a public-private partnership. The investment linked the holding company to the development of Ethiopia's formal securities market. EIH has also been involved in preparing some portfolio enterprises for possible exchange participation, with Ethiopian Shipping and Logistics Services and the Ethiopian Insurance Corporation cited as examples of companies connected with the exchange. Leadership changed in August 2024 when Brook Taye became chief executive officer. Public reference material also identifies Yasmin Wohabrebbi as a deputy chief executive and quotes her describing many companies in the portfolio as profitable following reforms intended to improve their activities. These comments present EIH as a reform and performance-management institution rather than merely a passive asset owner. In December 2024, EIH announced the addition of eight enterprises that had previously been managed by the Public Enterprises Holding and Administration. The transfer broadened EIH's responsibilities and reinforced its position as the central platform for managing Ethiopia's commercial public assets. In February 2025, the organization signed a memorandum of understanding with Azerbaijan Investment Holdings, suggesting an emerging focus on cooperation with other government-backed investment institutions. The available reference material does not provide a complete list of every portfolio company, a verified current asset valuation, detailed financial performance, or a confirmed official website. Those fields remain unspecified. EIH is best understood as an active Ethiopian sovereign investment and state-asset management institution whose main functions are portfolio stewardship, enterprise reform, strategic investment, and support for domestic capital-market development.
- 2025
Cooperation memorandum with Azerbaijan Investment Holdings
[1]EIH signs a memorandum of understanding with Azerbaijan Investment Holdings in February 2025.
- 2024
New chief executive
[1]Brook Taye is appointed chief executive officer in August 2024.
- 2024
Portfolio expansion
[1]EIH announces the addition of eight enterprises formerly managed by the Public Enterprises Holding and Administration.
- 2023
Membership of the African Sovereign Investors Forum
[1]EIH joins the African Sovereign Investors Forum in July 2023.
- 2023
Investment in the Ethiopian Securities Exchange
[1]EIH acquires a 25% stake in the Ethiopian Securities Exchange through a public-private partnership.
- 2022
Formal inauguration
[1]EIH is formally inaugurated on 31 January 2022 under the framework of Council of Ministers Regulation No. 487/2022.
- 2022
Entry into African sovereign wealth networks
[1]EIH joins the African sovereign wealth fund community.
- 2021
Ethiopian Investment Holdings is established
[1]EIH is established in December 2021 as Ethiopia's sovereign investment holding entity.
Products and positioning
A national sovereign investment and state-asset management platform focused on improving the performance of strategic Ethiopian enterprises, supporting national development, and expanding access to capital markets.
Investment management · 2021
Sovereign investment portfolio management
EIH manages and oversees a portfolio of major Ethiopian state-owned and strategically important enterprises. Its work includes coordinating ownership, supporting governance and reform, and seeking stronger commercial performance from companies operating across telecommunications, aviation, logistics, insurance, and other sectors.
Strategic equity investment · 2023
Ethiopian Securities Exchange investment
Through a public-private partnership, EIH holds a 25% share in the Ethiopian Securities Exchange. The investment connects EIH's asset-management role with the development of Ethiopia's securities-market infrastructure and the potential capital-market participation of selected portfolio companies.
Brand decisions
2025
Investment cooperation with Azerbaijan Investment HoldingsStrategyBackground
EIH sought to develop relationships with other government-backed investment institutions.
Action taken
EIH signed a memorandum of understanding with Azerbaijan Investment Holdings.
Aftermath
The memorandum established a framework for potential cooperation, although the available reference material does not specify subsequent transactions or projects.
2024
Expansion of the EIH enterprise portfolioStrategyBackground
Several enterprises remained under the management of the Public Enterprises Holding and Administration.
Action taken
EIH announced that eight additional enterprises had been added to its portfolio.
Aftermath
The move expanded EIH's role as the central holding platform for Ethiopia's commercial public assets.
2023
Investment in the Ethiopian Securities ExchangeStrategyBackground
EIH was developing its role in Ethiopia's capital-market infrastructure and sought to connect its portfolio companies with the emerging securities market.
Action taken
EIH acquired a 25% stake in the Ethiopian Securities Exchange through a public-private partnership.
Aftermath
The investment gave EIH a direct ownership role in the exchange and supported the stated aim of enabling selected portfolio companies to participate in the market.
Equity stake. 25% (October 2023)
Sources1 sources
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