ADDIS ABABA – The Ethiopian Investment Holdings (EIH) has partnered with Toppan Gravity to set up a securities printing business. The EIH and Toppan signed a shareholder’s agreement for the establishment of Toppan Gravity Ethiopia on Friday. Ethiopia’s giant sovereign wealth fund initiated the investment to strengthen its print manufacturing portfolio. “This venture will operate in the securities printing business ecosystem,” announces the EIH, adding it will be Toppan’s manufacturing hub for Africa and aims to be a key player in the continent and beyond. The EIH is also a key shareholder in the Ethiopian Securities Exchange (ESX) which is set for launch in 2024/25, and will likely boost the ESX with a pipeline of listings from its business portfolio.

Source: Ethiopian News September 08, 2023 23:42 UTC