Ethiopia's Ministry of Finance announced on May 13, 2025, that the nation has secured over $1.7 billion in investment agreements, primarily with Chinese companies, aimed at boosting its energy and mineral sectors. The agreements were signed during a two-day investment conference in Addis Ababa.
Hua Ye Mining Processing Company is set to invest $500 million in mineral exploration and processing, including establishing a special economic zone. Sequoia Mining & Processing Plc has committed $600 million to advance coal mining projects. Hainan Drinda New Energy Technology pledged $360 million to construct a solar cell manufacturing plant. CSI Solar will invest $250 million in solar energy development.
These investments align with Ethiopia's economic reform strategy, which includes currency liberalization and debt restructuring. The government signed a $3.4 billion program agreement with the International Monetary Fund (IMF) in 2024 to support these reforms. The new deals are expected to strengthen Ethiopia's industrial base, create jobs, and accelerate the shift toward clean energy.