Effective Asset Management Boosts Revenue of Ethiopia’s Public Enterprises: EIH Deputy CEO

Addis Ababa, January 17, 2026 (ENA)—Revenue generated by public enterprises under Ethiopian Investment Holdings (EIH) has shown a significant increase due to improved asset management and efficient utilization, Deputy CEO Habtamu Hailemichael said.

The Finance Forward Ethiopia Conference was held in the presence of Prime Minister Abiy Ahmed, senior government officials, and representatives from financial institutions nationwide.

The conference highlighted the achievements of Ethiopian Investment Holdings (EIH), which has unified 41 public enterprises to modernize governance and auditing practices.

In that regard, Habtamu noted that reforms implemented under EIH have strengthened governance, auditing, and operational efficiency across state-owned enterprises.

The reform initiative was designed to address longstanding challenges such as financial deficits, weak auditing systems, and governance inefficiencies.

As part of the transformation, a modern audit system has been introduced, enabling several enterprises to move from financial distress to profitability.

Prior to the reform, many public enterprises were facing severe economic difficulties, with some on the brink of collapse.

Habtamu stated that leadership and management changes under EIH have begun to yield positive results, with enterprises now demonstrating recovery and growth.

He emphasized that effective resource management and utilization have been central to the revenue gains.

According to the Deputy CEO, public enterprises managed by EIH generated more than 1.3 trillion Birr in revenue during the first six months of the current Ethiopian fiscal year, marking a 51 percent increase compared to the same period last year.

Enterprises in the transportation and logistics sectors contributed a significant share of the revenue.

 Ethiopian Airlines, Ethio Telecom, Commercial Bank of Ethiopia, Ethiopian Maritime Transport and Logistics, and the Ethiopian Petroleum Supply Enterprise together accounted for 80 percent of total revenue, he said.

Habtamu further noted that public enterprises under EIH contribute about 12 percent of the national GDP and remain among the country’s largest taxpayers.

In the last Ethiopian fiscal year alone, these enterprises paid more than 228 billion Birr in taxes to the government.