Following its recent announcement of a confidential reporting system, Ethiopian Investment Holdings (EIH), one of Africa's largest sovereign wealth funds, has rolled out the 'Adera' digital whistleblower platform, complete with website and mobile app, to enhance transparency and combat misconduct in its portfolio of government development institutions.
Building on the confidential platform introduced late last year, EIH's 'Adera'—an information exchange network—allows employees, beneficiaries, and observers to securely and anonymously report illegal activities across its investments in over 40 companies in energy, logistics, telecommunications, manufacturing, and more.
EIH CEO Habtamu Haile Michael stated, “This ‘Adera’ named information exchange network is a crucial step to ensure accountability and protect the security of our national investments. We are stewards to ensure all works under our umbrella adhere to the highest legal and ethical standards.”
The initiative supports Ethiopia's national anti-corruption drive, promoting better governance to bolster economic growth and attract investment.