Historic12 Aug 2025 09:14
Https://addisstandard.com/ethiopias-sovereign-fund-makes-first-international-investment-in-akobo-minerals/?amp=1
Brook Taye(PhD), CEO of EIH, described the deal as a “historic and strategic breakthrough” for Ethiopia’s economic expansion.
As our first international mining stake, it reflects our 3D strategy – we diversify our investment portfolio, drive long-term innovation, and deliver benefits for the nation. Akobo’s sustainable approach and expertise make it the perfect partner for this milestone,” Brook said.
The agreement also marks Ethiopia’s return to the global stock market for the first time in more than a century. EIH said the move is part of its broader mandate to diversify the country’s investments and integrate Ethiopia into global financial markets.
We are honored to be the first international company selected for investment by Ethiopian Investment Holdings,” he said. “This milestone paves the way for Ethiopian investors to participate in supporting their own industry, fitting in with the country’s broader economic reforms.”
The partnership comes amid Ethiopia’s push to attract foreign investment in the mining sector, one of the five sectors the government is planning to strengthen its position in the global economy. AS