Haile Gebre Silase St, Comet Building 22, Office No 406, Addis Ababa, Ethiopia.
In this April issue the focus has been on Ethiopians Sovereign Wealth Fund. Ethiopian Investment Holding is the sovereign wealth fund of the Ethiopian government . EIH’s establishment legislation and EIH’s membership in international organizations shall be the focus of the Newsletter.
Ethiopian Investment Holding is rated the largest sovereign wealth fund in Africa. The Ethiopian government has planned to use EIH as its investment arm. Thus, EIH is established by ‘The Definition of Objectives and Function of the Ethiopian Investment Holding Council of Ministers
Regulation No 487/2022’ with a capital of ETB One Hundred Billion of which ETB Twenty Five Billion is paid up capital.
After its establishment, EIH has joined its peers in the International Forum of Sovereign Wealth Fund (IFSWF). IFSWF is the guardian of the Santiago Principles. The later principles guide the general practice and principles of administration and investment of sovereign wealth funds.
Hope you will have a good read.
By Dagnachew Tesfaye, Managing Partner at DMLF
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