Ethiopia Signs $1.6 Billion Investment Deals with Chinese Firms to Boost Minerals and Energy Sectors

Published: May 16, 2025 18:35

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The Ethiopian Finance Ministry has signed five major investment agreements worth over $1.6 billion (214.99 billion birr), primarily with Chinese firms, to strengthen the country’s minerals and energy sectors as part of its broader economic reform strategy. Announced during the Ethiopia High-Level Business Forum 2025 in Addis Ababa, the deals include a $500 million investment from Huawei Mining Processing Company for mineral exploration and an economic zone, and a $600 million pledge from Sequa Mining and Processing for coal mining. Additional agreements involve Hanergy's $360 million solar cell manufacturing project, Sesar Energy’s $250 million solar development plan, and Toyo Solar’s $14 million investment in solar cell capacity.

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