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EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH’s subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye (PhD), EIH oversees major state-owned enterprises, including Ethiopian Airlines Group, Ethiopian Electric Power, and Ethio telecom. Its portfolio covers 24 audited companies, with total assets reaching about 3.5 trillion Br in 2024. The Commercial Bank of Ethiopia (CBE) remains the largest entity by assets, valued at about 1.4 trillion Br. The portfolio recorded a net margin of 13.1pc and a return on assets of 2.9pc. Based on combined revenue of 774 billion Br, the enterprises generated an estimated net profit of about 101.4 billion Br in the 2024 fiscal year. Total liabilities stood at roughly 2.3 trillion Br.

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