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, mining, and manufacturing, held its annual performance dialogue on August 19, 2025, with the second day focused on the engineering corporation’s operations.
During the year, EEC completed 111 design projects, 272 supervision and contract administration assignments, and 53 construction projects, achieving 94.8 percent of its planned physical output. Compared with the previous year, the corporation’s revenue grew by 81 percent.
The corporation also expanded its operations beyond Ethiopia, earning 1.1 million US dollars from projects in Nigeria and Tanzania.
Ethiopian Investment Holdings directed the corporation to focus on long-term capital investments, explore alternative funding models, and expand overseas to reduce reliance on domestic contracts. This aligns with Ethiopia’s goals of diversifying exports and boosting foreign currency inflows amid challenges like high inflation and external debt.
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