Ethiopian Investment Holdings (EIH), one of Africa’s largest sovereign wealth funds, has launched a confidential reporting platform to root out corruption and mismanagement in its portfolio of public enterprises. The system enables anonymous tips on illegal activities across more than 40 supervised companies. This step highlights Ethiopia's push for better governance in critical sectors.
Ethiopian Investment Holdings (EIH), one of Africa’s largest sovereign wealth funds, has reaffirmed its commitment to rooting out corruption and mismanagement within its vast portfolio of major public enterprises. The state-owned strategic investor announced the introduction of a new dedicated platform designed to encourage the reporting of illegal activities. The system allows individuals to confidentially submit tips concerning any of the more than 40 companies under EIH’s supervision.
EIH manages a wide range of national investments across critical sectors, including energy, logistics, telecommunications, and manufacturing. “This platform is a critical step in fostering accountability and protecting the integrity of our national investments,” EIH Deputy CEO Habtamu Hailemichael stated. “We are committed to ensuring that all operations under our purview adhere to the highest standards of legal and ethical conduct.”
The initiative aligns with broader national efforts to combat corruption and improve the business climate, aiming to attract foreign investment and ensure that public enterprises contribute effectively to Ethiopia’s economic growth. This move underscores a heightened focus on governance and transparency as Ethiopia seeks to stabilize and optimize its key public assets.