Nigeria’s Dangote and Ethiopia to build $2.5 billion fertilizer plant
ADDIS ABABA, Aug 28 (Reuters) – Ethiopia has signed an agreement with Nigeria’s Dangote Group to build a $2.5 billion fertiliser manufacturing plant, Prime Minister Abiy Ahmed said on Thursday in a post on social media platform X. The investment is part of Nigerian billionaire Aliko Dangote’s efforts to end Africa’s fertilizer imports. To be located in […]
Dangote, Ethiopia Partner on $2.5B Urea Fertilizer Plant in Gode
Ethiopia’s state investment arm and Dangote Group have signed a $2.5B deal to build a fertilizer complex in Gode. The facility is set to produce up to 3M tons annually. Ethiopian Investment Holdings (EIH) and Nigeria’s Dangote Group have signed a shareholders’ agreement to build and operate a urea fertilizer production complex in Gode, Somali […]
Official Statement: Ethiopian Investment Holdings and Dangote Group Sign Landmark Shareholders’ Agreement for $2.5 Billion, 3 million Metric Tons Urea Fertilizer Production Complex in Gode, Ethiopia
Ethiopian Investment Holdings and Dangote Group Sign Landmark Shareholders’ Agreement for $2.5 Billion, 3 million Metric Tons Urea Fertilizer Production Complex in Gode, Ethiopia ADDIS ABABA, Ethiopia – Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group today announced the signing of a comprehensive shareholders’ agreement to develop, […]
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 […]