Ethiopia Signs $1.6 Billion Investment Deals with Chinese Firms

Published: May 16, 2025 18:29

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The Ethiopian Ministry of Finance announced the signing of five major investment agreements, with a total value exceeding $1.6 billion (214.99 billion birr), primarily in collaboration with Chinese enterprises. These agreements aim to drive the development of the country's mining and energy sectors, as part of a broader economic reform strategy. The agreements were signed in Addis Ababa during the 2025 Ethiopia High-Level Business Forum. The investments include Huawei Mineral Processing Company's $500 million investment in mineral exploration and the construction of a special economic zone, and Sequa Mineral Processing Company (a Sino-Ethiopian joint venture) committing $600 million to coal mine development. Additionally, Hanergy New Energy Technology Company plans to invest $360 million in the construction of solar cell production facilities, Sesar Energy Company will invest $250 million in solar energy projects, and Toyo Solar Manufacturing Company will also invest $14 million to expand solar cell capacity.

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