Ethiopia has secured over $1.6 billion worth of investment agreements in its energy and minerals sectors, primarily with Chinese companies, following the conclusion of the Invest in Ethiopia High-Level Business Forum 2025.
The landmark deals include a $500 million commitment from China’s Huawei Mining Processing Company Limited for mineral exploration and development of a minerals-focused special economic zone. Additionally, Sequa Mining and Processing PLC – a joint venture between Ethiopian and Chinese firms – plans approximately $600 million in coal mining projects.
In the renewable energy sector, Hanergy New Energy Technology Company Limited & Jandu signed a $360 million agreement to establish a solar cell manufacturing facility, while Toyo Solar Manufacturing Development PLC committed $14 million to increase its Ethiopian solar cell capacity. Sesar Energy Advancing Solutions also pledged approximately $250 million across two phases to support local solar energy development.
These investments align with Ethiopia’s economic reform agenda backed by a $3.4 billion Extended Credit Facility arrangement with the IMF, as the East African nation shifts toward private-led growth and development of its natural resources, including deposits of coal, opal, gemstones, and tantalum.
Source: Oilprice.com
