Ethiopia has secured about $13 billion in investment commitments following a major conference in Addis Ababa designed to draw capital into key sectors of the economy. The deals span manufacturing, agriculture, energy, construction, and agro-processing. Among the projects is a $150 million plan by Sun King to expand off-grid solar access for homes and businesses, while Liaoning Fangda Group will invest over $500 million in steel and pharmaceutical production. The largest commitment comes from Ming Yang Smart Energy Group Limited, which pledged more than $10 billion for renewable energy, hydrogen, and green ammonia infrastructure. The deals suggest that Ethiopia’s economic reforms since 2024—including currency liberalization, lifted foreign exchange controls, and opening financial services—are resonating with global investors.
Reuters
