Investment Holdings Appoints Abdurahman Eid Tahir

Jan 28 , 2023


[ssba-buttons]

Abdurahman Eid Tahir has been appointed as the Chief Executive Officer of Ethiopian Investment Holdings (EIH), a state-owned investment company, effective on January 25, 2023. The appointment comes days after Prime Minister Abiy Ahmed assigned the former CEO Mamo Mihretu as governor of the National Bank of Ethiopia (NBE). Abdurahman served as deputy before his appointment, in which Mamo described him as a "passionate reformer". He also served as head of Irrigation & Basin Development of the Somali Regional State. EIH was established last year by a decree of the Council of Ministers with 100 billion Br capital, encompassing nearly thirty state-owned enterprises such as Ethiopian Airlines and Ethiotelecom under its fleet. Its subsidiaries are found in multiple sectors with more than 250,000 employees. The holding has attracted sizable investment by establishing a co-investment platform in partnership with global investors. In addition, EIH has been mandated with seeing through the formation and establishment of the capital market, a responsibility regulators had previously shouldered at the central bank. The investment holding, under Abdurahman, is now tasked to improve the portfolios of state-owned enterprises whose assets are worth two trillion Birr and annual revenues of 6.2 billion dollars. EIH is mandated to take on international investment ventures in which dividends from enterprises under it are exempt from taxes and duties, excluding sub-funds and companies invested by the company.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...