Ethiopia has secured $13 billion in investment commitments following a high-level conference in Addis Ababa aimed at attracting foreign capital into strategic sectors. The agreements span manufacturing, agriculture, energy, construction, and agro-processing, reflecting the country’s push to deepen industrialisation and create jobs for its growing population.
A significant share of the investment is driven by global firms, including over $10 billion from China’s Ming Yang Smart Energy Group for renewable energy, hydrogen, and green ammonia projects. Additional commitments include a $500 million investment by Liaoning Fangda Group in steel and pharmaceuticals, and a $150 million off-grid solar initiative by Sun King to expand energy access for homes and businesses.
The deals come amid ongoing economic reforms, including currency liberalisation and the opening of key sectors to foreign investors. The initiative positions Ethiopia to strengthen its investment climate, accelerate economic transformation, and compete with regional peers in attracting large-scale capital inflows.
