Economic Reforms

Ethiopian Investment Holdings Invests USD 3 Million for 7.4% Stake in Akobo Minerals

Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund, has made its first-ever international investment by acquiring a stake in Akobo Minerals AB, a Scandinavian-based Ethiopian gold producer listed on Euronext and Frankfurt Stock Exchange. Under the agreement, EIH will subscribe to 15 million new shares at USD 0.20 each, securing a 7.4% ownership stake