New Head of Ethiopian Investment Holdings Focuses on the Commercial Viability of State-owned Firms
When Brook Taye becomes CEO of Ethiopian Investment Holding (EIH) in August, he is taking on one of Ethiopia’s biggest jobs: reforming the country’s state-owned enterprises (SOEs). Founded in 2021, the agency is the strategic investment agency of the Ethiopian state and currently has a portfolio of 40 companies with a total value of tens of billions of dollars. They include the national airline, state-owned telecommunications companies and the country’s main banks, as well as state-owned enterprises involved in the power, manufacturing, construction, trading, chemicals, hotels and insurance industries. “We consider ourselves an entrepreneurial nation,” said Brooke, who is also a member of Ethiopia’s Economic Policy Steering Committee.
