WHEREAS, the Ethiopian Investment Holdings has been established under the Definitions of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation No. 1263/2021;

WHEREAS, it is provided by the Proclamation that the organization and function of the Ethiopian Investment Holdings shall be defined by a Regulation to be issued by the Council of Ministers and thereby it has become necessary to issue a Regulation that defines its organization and functions;

WHEREAS, there is a need to create an institutional framework that allows attraction of private investment into Ethiopia in a strengthened manner and creation of an enabling environment for enhanced joint investment between the private and public sectors in such a way that serves the strategic needs of the economy;

WHEREAS, it has become necessary to create an institutional framework that allows the full optimization of the value of the range of state-owned assets such as real estate, land, infrastructure and state-owned enterprises through a coordinated strategic oversight;

WHEREAS, it is imperative to uphold and incorporate strong corporate governance principles to instill commercial and investment discipline in the management of state-owned assets and resources;

WHEREAS, it has become necessary to bring together various state-owned assets under one legal entity, in a manner that allows the government to provide a strategic oversight, attract sizeable foreign investment and technology;

NOW THEREFORE, in accordance with Article 103 of the Definition of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation No. 1263/2021, the Council of Ministers has issued this Regulation.