Ethiopia secures $13 billion in investments as chinese firm leads with $10 billion commitment
Ethiopia has secured $13 billion in investment commitments, according to the state investment commission, following a conference aimed at attracting capital into key sectors of the economy.
Black News 
Ethiopia has secured $13 billion in investment commitments, according to the state investment commission, following a conference aimed at attracting capital into key sectors of the economy.
- Ethiopia has secured $13 billion in investment commitments following a major investment conference in Addis Ababa.
- The deals span manufacturing, agriculture, energy, construction, and other key sectors, according to the Ethiopia Investment Commission.
- A $150 million investment will be made by Sun King for off-grid solar systems, while China's Liaoning Fangda Group will invest over $500 million in steel and pharmaceuticals.
- The largest commitment is from China's Ming Yang Smart Energy Group, which plans to invest over $10 billion in renewable energy projects.
Ethiopia has secured $13 billion in investment commitments, according to the state investment commission, following a conference aimed at attracting capital into key sectors of the economy.
Like many frontier African economies, the East African nation is stepping up efforts to boost foreign direct investment, particularly in manufacturing, to create jobs for its rapidly growing population.
The agreements, signed at the conference in Addis Ababa, span manufacturing, agriculture and agro-processing, energy, construction, and other strategic sectors, according to a Reuters report.
Energy and industry lead
Among the deals is a $150 million investment by Sun King to deploy off-grid solar systems for homes and businesses over the next five years. China’s Liaoning Fangda Group also plans to invest more than $500 million in steel and pharmaceutical manufacturing facilities.
The largest share of commitments comes from Chinese firm Ming Yang Smart Energy Group Limited, which plans to invest over $10 billion in renewable energy infrastructure, including hydrogen and green ammonia projects, the EIC said.
Ethiopia has been pursuing sweeping economic reforms since 2024, including liberalising its currency, easing foreign exchange controls, and opening up key sectors such as financial services to attract more investment.
