Aug 29 , 2026
Ethiopian Investment Holdings (EIH) concluded the fourth day of its 2025/26 EFY Annual Performance Dialogue at its headquarters, reviewing key state-owned enterprises overseen by Deputy CEO Habtamu Hailemichael. The dialogue began on August 24, 2026, with the Development Bank of Ethiopia recording a 60pc increase in operating income to 15.9 billion Br. Despite structural and operational difficulties, Ethiopian Mineral Corporation reported year-on-year revenue growth of 48pc to 5.7 billion dollars. Federal Housing Corporation reached 94pc of its revenue target while recording five percent growth from the previous year. Ethiopian Shipping & Logistics reported a 28pc increase in revenue to 157.2 billion Br, while Ethiopian Sugar Industry's revenue grew 18pc to 20.49 billion Br. Ethiopian Lottery, however, fell short of its revenue target. Ethio Telecom reported 33.2pc growth to 215 billion Br, while National Alcohol & Liquor Factory recorded a 35pc increase to 1.857 billion Br. Ethiopian Agricultural Business Corporation generated 15.3 billion Br, up 35pc, while Ethio-Engineering Group recorded 34.6pc growth to 4.1 billion Br. National Veterinary Institute earned 769 million Br and generated millions of dollars in foreign exchange. Following asset optimisation and the resumption of commercial activities, Ethiopian Railway Corporation reported revenue of two billion Birr, more than double the previous level.
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