Ethiopia, RUSAL Advance Plan for $1 Billion Aluminium Smelter as MoU Signed
Addis Ababa — Ethiopian Investment Holdings (EIH) has signed a Memorandum of Understanding (MoU) with RUSAL, one of the world’s largest producers of low-carbon aluminium, to push forward plans for a major aluminium smelter in Ethiopia. The proposed plant will have an annual production capacity of 500,000 metric tons, positioning Ethiopia as a competitive player in both […]
Russian firm signs $1billion deal to develop 500,000-ton aluminium plant in Ethiopia
Ethiopia has taken a major step toward expanding its industrial base after a Russian company signed a $1billion agreement to build a 500,000-ton aluminium plant in the country. Russian aluminium producer RUSAL has taken a decisive step to expand its industrial footprint in Africa after signing a Memorandum of Understanding (MoU) with Ethiopian Investment Holdings […]
EIH Explores Partnership Opportunities with Yango Group
The Chief Executive Officer of Ethiopian Investment Holdings (EIH), Dr. Brook Taye, visited the offices of Yango Group to learn more about the company’s global operations and explore potential areas of collaboration in logistics, transportation, and delivery services. Yango, a technology company operating in more than 30 countries, offers a portfolio of over 10 digital […]
EIH Signs MoU with Wildberries to Support Ethiopia’s E-Commerce Expansion
Ethiopian Investment Holdings (EIH) has signed a Memorandum of Understanding (MoU) with Wildberries, Eurasia’s leading digital marketplace, to collaborate on developing Ethiopia’s e-commerce ecosystem and supporting the company’s planned entry into the Ethiopian and wider African markets. The agreement, signed in Moscow by EIH CEO Dr. Brook Taye and Wildberries CEO Robert Mirzoyan, outlines joint […]
EIH and RUSAL Sign MoU to Develop Major Aluminium Smelter Project in Ethiopia
Ethiopian Investment Holdings (EIH) has signed a Memorandum of Understanding (MoU) with RUSAL, one of the world’s largest producers of low-carbon aluminium, to advance plans for the establishment of a large-scale aluminium smelter plant in Ethiopia. The proposed facility is expected to have an annual production capacity of 500,000 metric tons, positioning Ethiopia as a […]
Investment Holdings Oversees Leadership Overhaul at Ethiopian Construction Works Corp
Corporation set to pay dividends for the first time The Ethiopian Construction Works Corporation (ECWC), one of the state-owned enterprises under Ethiopian Investment Holdings (EIH), has overhauled its leadership and board structure, with the reshuffle marking the latest in a series of corporate reforms across government-owned firms. The decision includes the replacement of the corporation’s […]
Ethiopia Breaks Ground on $2.5bln Fertilizer Plant, Oil Refinery Projects
Ethiopian authorizes have today broken ground on the $2.5 billion fertilizer production complex, and oil refinery construction project in Gode, Somali regional state. The fertilizer plant will be developed by Ethiopian Investment Holdings (EIH), the government’s strategic investment arm, in partnership with Nigeria’s Dangote Group while China’s Golden Concord Group Ltd (GCL Group) also building […]
Ethiopia set to become fertilizer hub as Dangote begins $2.5bn industrial complex
Aliko Dangote, Africa’s richest man and President of the Dangote Group, has launched the construction of a $2.5 billion fertiliser plant in Gode, Ethiopia, a project expected to reshape food security and industrialisation across the continent. The mega-plant, built in partnership with Ethiopian Investment Holdings, will produce three million metric tonnes of urea annually, making it one […]
Dangote Sets Sights on Making Africa Food-Secure, Begins $2.5bn Urea Fertiliser Plant in Ethiopia
In a record-breaking joint venture partnership between an indigenous African private investor and a government, the Dangote Group has taken its investment on the continent to a greater level with the commencement of a $2.5 billion joint urea fertiliser plant in Gode, Ethiopia, with a capacity to produce three million metric tons of the product […]
Ethiopia’s Sovereign Wealth Fund Sees Strong Annual Profit Growth
Ethiopia’s sovereign wealth fund has reported a significant uptick in annual profit, driven largely by strong performances of its portfolio companies involved in the transport and logistics sector. The fund, Ethiopian Investment Holdings (EIH), has declared more than 262 billion birr in profit (before-tax) for its portfolio in the last 2024/25 fiscal year. The figure […]