Ethiopian Investment Holdings is the strategic Investment arm of the Government of Ethiopia. Our business is value creation across priority sectors.
MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS
Greetings
The Government of Ethiopia continues to march forward despite and because of the uniquely challenging times we are facing as a nation and as a human race. Our generation is confronted with the imperative to carve tools that are mindful of the past and thoughtful of the future. We aspire for the next generation of Ethiopians to see poverty as a distant memory, one that lives only in history books and not as their daily reality.
We have been hard at work to trim away economic inefficiencies and waste and that has yielded definitive results. However, the old set up will not take us to the future that we envision. The way we produce, exchange and add value needs to be different. This principle has been at the core of the reform program of my administration.
Such an approach of economic undertakings needs to go beyond simplistic attributions of who should do what; if we leave it to the state to police and for the private sector to produce, neither will achieve the end goal. The state can and should invest in platforms of excellence through which financing and knowledge can flow to the private sector. The state can lead the way by recognizing wealth, in the broadest and most practical ways, so that that we can stand proud and engage capital and knowledge from the rest of the world. The private sector must do its part to make discipline, ethics and integrity become universal norms.
It is from this conviction that the Ethiopian Investment Holdings (EIH) was born.
As the board chairman, I have high hopes and great expectations for EIH. EIH will serve as a platform of excellence which will inspire and push its subsidiary companies to hold themselves to a higher standard, to become preferred partners for international investors, trusted brands for their customers and offer a culture where talent thrives. EIH will apply a modern lens for understanding the vast assets owned by the people of Ethiopia and package them in forms that can leverage investment.
The task is tremendous, but I have faith in the Board of Directors, in the CEO and the exceptional team of professionals he has assembled. I invite all of you to bring forth open minds and willing hearts to facilitate the success of EIH and the realization of our collective vision of shared prosperity.
Kind regards, H.E. Prime Minister Abiy Ahmed
MESSAGE FROM THE CEO
For over a century, State-Owned Enterprises (SOEs) have been at the heart of Ethiopia's economy, providing essential services and infrastructure that touch the daily lives of every Ethiopian. These enterprises have played a pivotal role in shaping the nation's economic foundation, delivering utilities and services critical to both Ethiopians and the broader economy. With a vision to create sustainable wealth, finance national development, and improve living standards for present and future generations, Ethiopian Investment Holdings (EIH) was established in December 2021. EIH is dedicated to enhancing the performance and profitability of these enterprises, strengthening their service delivery, safeguarding their legacy, and ensuring their success in today's increasingly competitive and dynamic environment.
The employees of these SOEs are the driving force behind this vision. As the frontline workers, they ensure that vital services reach every corner of the country. Many have dedicated their lives to these institutions, bringing unparalleled expertise, commitment, and talent. Their tireless efforts have been the foundation for the enduring success of these enterprises, and they remain essential to helping EIH achieve its goals.
EIH also plays a central role in unlocking Ethiopia’s investment potential. We are forward-thinking, constantly exploring new opportunities to expand and innovate. The creation of the Ethiopian Securities Exchange (ESX) and the establishment of Toppan Gravity Ethiopia are just two examples of our commitment to fostering economic growth, facilitating capital markets, and positioning Ethiopia as a premier investment destination in Africa.
Transparency and accountability are also the cornerstones of our operations. EIH is fully committed to improving the governance and performance of its SOEs, ensuring they remain efficient, effective, and accessible to the public. Together, we are building a future where these enterprises are not only pillars of the Ethiopian economy but also symbols of national pride.
The best is yet to come, and with your continued support, EIH is poised to lead Ethiopia to even greater heights.
Dr Brook Taye
CEO,
Ethiopian Investment Holdings.