ADDIS ABABA, Mar 27 – Ethiopia has secured $13.1 billion in investment commitments across renewable energy, manufacturing, mining, real estate and green industrial projects, marking a major push to accelerate economic transformation.
The agreements were signed during the Invest in Ethiopia conference held in Addis Ababa, where companies from China, Poland, India, Singapore and Kenya gathered to formalize deals.
According to Zeleke Temesgen, head of the Ethiopian Investment Commission, the focus now shifts from commitments to execution. “These are a great success, but they are only a starting point,” he said, emphasizing the importance of translating agreements into operational projects.
A significant portion of the investment pipeline is concentrated in energy and industrial development. Ming Yang Smart Energy Group Ltd. plans to invest $10 billion in green ammonia production and electrical equipment manufacturing, positioning Ethiopia within emerging clean energy value chains.
In manufacturing, Global Future Investment Ltd. is exploring opportunities in a special economic zone with a proposed $2 billion commitment, while Liaoning Fangda Group Industrial Co. will invest $500 million in steel and pharmaceutical production.
The mining sector is also attracting capital, with Rashmi Group committing $235 million to develop mining operations.
Local and international players are advancing renewable energy manufacturing, with Gobez Electric Manufacturing Plc planning a $150 million expansion of solar-cell production capacity, while Sun King aims to invest $150 million by 2030 in solar equipment manufacturing.
In real estate, Poland-based Quantum Everest has committed $100 million toward property development.
The breadth of investments reflects Ethiopia’s strategy to diversify its economy, strengthen industrial capacity and position itself as a hub for renewable energy and manufacturing in Africa.
