Ethiopia has secured more than $1.6 billion in investment deals, mostly with Chinese companies, in its energy and minerals sectors, the Ministry of Finance announced after the Invest in Ethiopia High-Level Business Forum 2025.
The East African nation is aiming to boost its economy through private-led growth, focusing on attracting investments in its natural resources.
Last year, Ethiopia reached a $3.4 billion Extended Credit Facility (ECF) deal with the International Monetary Fund (IMF). This deal supports Ethiopia’s Homegrown Economic Reform (HGER) Agenda, which seeks to fix macroeconomic imbalances, improve debt sustainability, and promote private sector growth.
At the forum’s closing ceremony in Addis Ababa, several major investment agreements were signed.
Huawei Mining Processing Company Limited from China plans to invest $500 million in mineral exploration, processing, and building a minerals-focused special economic zone.
Sequa Mining and Processing PLC, a joint Ethiopian-Chinese venture, announced a $600 million investment to develop coal mining projects in Ethiopia.
Hanergy New Energy Technology Company Limited and Jandu agreed to invest $360 million to set up a solar cell manufacturing plant.
Toyo Solar Manufacturing Development PLC signed a deal to invest $14 million to expand its solar cell production capacity in Ethiopia.
Sesar Energy Advancing Solutions committed about $100 million for its first phase and an additional $150 million for the second phase to develop local solar energy.
Ethiopia has rich deposits of coal, opal, gemstones, kaolin, iron ore, soda ash, and tantalum, but gold remains the only mineral mined at significant levels.
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