FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo
Prime Minister Abiy Ahmed (PhD) chairs its board of directors of six. Board members include Finance Minister Ahmed Shide, Frehiwot Tamiru, CEO of Ethio telecom, and Berhanu Nega (Prof.), minister of Education.

The country's biggest public enterprises have come under the wing of the newly-formed Ethiopian Investment Holdings (EIH).


The Ethiopian Airlines Group, the Commercial Bank of Ethiopia, Ethio telecom, the Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Utility are among the 28 state-owned entities under the purview of the sovereign wealth fund.


EIH was established earlier this year with an authorised capital of 100 billion Br, of which 25 billion Br is to be paid up. Prime Minister Abiy Ahmed (PhD) chairs its board of directors of six. Board members include Finance Minister Ahmed Shide, Frehiwot Tamiru, CEO of Ethio telecom, and Berhanu Nega (Prof.), minister of Education.


Mamo Mihretu, former policy advisor to the Prime Minister, was chosen to lead the wealth fund as CEO in February.

Last month, EIH was approved as an associate member of the International Forum of Sovereign Wealth Funds, a global network of sovereign wealth funds from over 40 countries.


PUBLISHED ON Jun 24,2022 [ VOL 23 , NO 1156]

[ratemypost]


Related Posts

Editors' Pick

Exclusive Interviews

State Enterprises from Oracles to Apprentices

Dec 22 , 2024 . By TIZITA SHEWAFERAW

Charged with transforming colossal state-owned enterprises into modern and competitiv...

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Agenda

BREWING DISCONTENT

Jul 28 , 2024 . By TIZITA SHEWAFERAW

Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...

Commentaries

How Should Africa Respond to Foreign-Aid Cuts?

A global storm is gathering, and Africa is directly in its path. Under President Dona...

Can a Global Trade War Be Avoided?

On April 2, US President Donald Trump proposed sweeping tariffs on nearly all of America's trading partners, wiping more than five trillion...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Overseas Job Push Evokes Hopes at Home, Hardship Abroad

Apr 20 , 2025

Mufariat Kamil, the minister of Labour & Skills, recently told Parliament that he...

Officials Bank on Student Service to Patch a Fractured Country

Apr 13 , 2025

The federal government will soon require one year of national service from university...

Cheap Power Lures Bitcoin Miners. But Millions Wait for a Lightbulb Moment

Apr 6 , 2025

Last week, the International Finance Corporation (IFC), part of the World Bank Group...

Media Council's Edging to Accreditation a Deceitful Drift

Mar 30 , 2025

When the private satellite channel, Ethiopian Broadcasting Service (EBS), aired an em...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

The Rose-Tinted Trap of Nostalgia

In almost every conversation, I hear people mention “the good old days.” The phrase slips in like a sigh, usually when someone's facing...

Grace Over Grind

Over the weekend, I attended a women's gathering that quietly reshaped how I think about balance, ambition, motherhood, and the kind of life...

Life Matters

The Weight of Things

That sudden, almost irrational urge to deep clean the house always seems to arrive unannounced. Everything is calm one moment; the next, the...

The Awkward Art of Saying Hello

Living side by side with others – sharing walls, staircases, even the same unreliable electricity – should make greetings feel natural....