Ethiopian Investment Holdings Expands Hospitality Portfolio

Ethiopian Investment Holdings (EIH) is actively expanding its footprint in the hospitality sector as part of its broader investment portfolio. The state-owned sovereign wealth fund manages 36 projects valued at approximately five billion dollars, with 16 projects currently operational. Of these, four are dedicated to hospitality, including an ongoing expansion at the Hilton Hotel and plans for a new joint-venture hotel with an investment of 250 million dollars. Financially, the hospitality portfolio generated 2.1 billion Birr in revenue last year. Furthermore, four subsidiaries—Hilton, Ghion, Filwoha Spa & Hospitality, and Genet Hotel—recorded a combined pre-tax profit of 564.2 million Birr.