CBE Account Holders Rise to 43.1 Million as Deposits Surpass 1.67 Trillion Birr
CBE Account Holders Rise to 43.1 Million as Deposits Surpass 1.67 Trillion BirrThe Commercial Bank of Ethiopia (CBE) reported that its customer base expanded to 43.1 million account holders, according to provisional performance data for the 2024/25 fiscal year. The bank added 3.39 million new accounts during the period. Deposits increased by 515.5 billion birr, […]
EIH posts robust growth across key enterprises
EIH posts robust growth across key enterprises ADDIS ABABA – Ethiopian Investment Holdings (EIH) has reported solid performance across its portfolio during the past fiscal year, with strong results in energy, engineering, hospitality, logistics, and sugar production. Following its annual performance dialogue with the Ethiopian Electric Utility (EEU), EIH announced that EEU added 501,588 new customers, […]
Ethiopian Investment Holdings Reports Strong Portfolio Growth Amid Sectoral Challenges
Ethiopian Investment Holdings Reports Strong Portfolio Growth Amid Sectoral Challenges Ethiopian Investment Holdings (EIH) has reported robust performance across its portfolio during the past fiscal year, driven by growth in energy, engineering, hospitality, logistics, and sugar production. In the energy sector, the Ethiopian Electric Utility (EEU) added 501,588 new customers, raising its total to 5.2 […]
DBE Beats Loan Collection Targets
DBE Beats Loan Collection Targets Development Bank of Ethiopia (DBE) on Tuesday reported better-than-expected loan collection, beating its target for the 2024/25 fiscal year by 5 percent. The report was a subject of discussion as Ethiopian Investment Holdings (EIH) continued the annual performance dialogue with its portfolio companies with with a review of the Bank […]
EEC Revenue Hits 8.9 Billion Birr, Surpassing Annual Plan by 17%
EEC Revenue Hits 8.9 Billion Birr, Surpassing Annual Plan by 17% The Ethiopian Investment Holdings announced that the Ethiopian Engineering Corporation (EEC) reported 8.9 billion birr in revenue for the 2024/25 fiscal year, exceeding its annual target by 17 percent. The sovereign wealth fund, established in 2022 to manage state enterprises in sectors like telecommunications, […]
EIH Hospitality Firms Post 564 Million Birr Profit
EIH Hospitality Firms Post 564 Million Birr Profit Ethiopian Investment Holdings (EIH) reported that its hospitality subsidiaries recorded a combined profit before tax of 564.2 million birr in the last fiscal year, 37 percent above target. Hilton Hotel was the most profitable, followed by Ghion Hotels Enterprise and Guenet Hotel. Spa Service Enterprise also contributed […]
Four Hotels, Including Hilton, Record 564 Million Birr Profit
Four Hotels, Including Hilton, Record 564 Million Birr Profit Four tourism enterprises under Ethiopian Investment Holdings (EIH), including the landmark Hilton Hotel, reported a combined pre-tax profit of 564.2 million birr in the 2017 Ethiopian fiscal year. This performance exceeded expectations, standing 37 percent higher than the planned profit target. Strong Revenue Performance According to the performance review, the four […]
Sweet Success & Heavy Cargo: EIH Opens Annual Performance Reviews with Big Numbers
Sweet Success & Heavy Cargo: EIH Opens Annual Performance Reviews with Big NumbersEthiopian Investment Holdings (EIH) kicked off its annual performance dialogue this week, and day one packed a double feature: the heavyweight Ethiopian Shipping and Logistics (ESL) and the Ethiopian Sugar Industry Group (ESIG) with its three flagship factories. Together, they set the tone […]
Ethiopian sovereign wealth fund backs gold miner
Ethiopian sovereign wealth fund backs gold miner Akobo Minerals, a Scandinavian-based gold producer operating in Ethiopia, has secured an investment from Ethiopian Investment Holdings. Akobo Minerals, a Scandinavian-based gold producer operating in Ethiopia, has secured an investment from Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund. EIH will take a 7.4% stake through the […]
Ethiopian Investment Holdings Invests USD 3 Million for 7.4% Stake in Akobo Minerals
Ethiopian Investment Holdings Invests USD 3 Million for 7.4% Stake in Akobo Minerals Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund, has made its first-ever international investment by acquiring a stake in Akobo Minerals AB, a Scandinavian-based Ethiopian gold producer listed on Euronext and Frankfurt Stock Exchange. Under the agreement, EIH will subscribe to 15 […]