The Ethiopian Investment Holdings (EIH) in a performance report of the first half of 2024/2025 fiscal year, stated that it registered strong results by the companies under the sovereign fund. One of the enterprises, Ethiopian Electric Power (EEP) generated over 25.54 billion Br in revenue, surpassing targets and improving profitability. EEP produced 13,504.2 GWh of electricity and sold 12,558.9 GWh. The company’s generation and distribution capacity increased from 65.4pc to 70pc, contributing to a seven percent rise in operational efficiency, according to the EIH. However, the sovereign fund urged EEP to enhance project execution and accelerate digitisation to strengthen future operations. The Federal Housing Corporation (FHC) also delivered strong results. It exceeded its six-month revenue target by 117pc, housing allocations by 104pc, and maintenance targets by 99.3pc. Construction resource provision increased by 37pc compared to last year. Moving forward, FHC plans to strengthen property and asset management. Feasibility studies and alternative financing models, such as real estate investment trusts (REITs), public-private partnerships (PPPs), and joint ventures (JVs), will be prioritised. The Ethiopian Agricultural Businesses Corporation (EABC) also produced 464,270qtls of improved seed, showing a six percent growth from the same period last year. Liquid fertiliser supply surged by 80pc, contributing to a six percent rise in profit before tax, which reached 758.23 million Br. The Ethiopian Construction Works Corporation (ECWC) saw its revenue grow by 93pc and profit before tax by 88pc. The Corporation has completed 13 construction projects. In the hospitality sector, four enterprises, Ghion  Genet, and Hilton hotels, and Spa Service Enterprise, generated 550 million Br. Profit before tax reached 284.8 million Br, exceeding plans by 52pc. EIH urged these enterprises to focus on customer satisfaction, digital upgrades, and improved marketing strategies.

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