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Sweet Success & Heavy Cargo: EIH Opens Annual Performance Reviews with Big Numbers

  • August 20, 2025
  • Dagmawi Zeleke

Sweet Success & Heavy Cargo: EIH Opens Annual Performance Reviews with Big Numbers
Ethiopian 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 for a year of growth and a glimpse at the work still ahead.

Shipping: ESL sails past targets
ESL came in swinging. In the 2017 Ethiopian fiscal year (2023/24 G.C.), the state-owned logistics giant clocked 57.14 billion birr in revenue, beating targets by 20%. Profit before tax surged to 8.8 billion birr up 46% year-on-year and 32% above plan. Cargo volumes told a similar story: 7.7 million tons moved (up 40%), exports jumped 35.6%, and container handling hit 407,000 TEUs, beating expectations by 7%. Vessel utilization averaged a sharp 89%, reflecting operational efficiency few regional rivals can match.

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