AIH and Ethiopian Investment Holdings sign Memorandum of Understanding

Azerbaijan Investment Holding (AIH) and Ethiopian Investment Holdings (EIH) have signed a Memorandum of Understanding (MoU) to establish and foster strategic cooperation. The document was signed by the CEO of AIH, Ruslan Alikhanov and CEO of EIH, Brook Taye, in Addis Ababa, on February 14.

The MoU outlines key areas of collaboration, including the establishment of joint ventures, execution of investment projects of mutual interest, and joint technical and economic research in sectors where both entities’ portfolio companies operate.

Additionally, the partnership is expected to facilitate the exchange of expertise on corporate governance, Key Performance Indicators (KPIs), and remuneration mechanisms applied within their respective portfolio companies. Furthermore, the cooperation will explore the potential adoption of AIH’s General Information System at EIH and state-owned enterprises under its management.

EIH is one of Africa’s largest sovereign wealth funds, established in 2021, overseeing assets worth approximately $45 billion across 40 portfolio companies and covering many of Ethiopia’s major state-owned enterprises. EIH is dedicated to enhancing the operational efficiency of these enterprises while pursuing strategic investments in infrastructure, energy, agriculture, and technology - key sectors driving Ethiopia’s long-term economic development.