{"id":30250,"date":"2026-03-29T12:28:04","date_gmt":"2026-03-29T10:28:04","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=30250"},"modified":"2026-03-29T12:28:04","modified_gmt":"2026-03-29T10:28:04","slug":"ethiopia-seals-13-billion-worth-of-deals-at-investment-conference","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/ethiopia-seals-13-billion-worth-of-deals-at-investment-conference\/","title":{"rendered":"Ethiopia seals $13 billion worth of deals at investment conference"},"content":{"rendered":"<p>Like other frontier economies in Africa, the East African nation has been seeking to boost foreign \u200bdirect investment, particularly in manufacturing, to create jobs \u200bfor its growing population. Neighbouring Kenya held a similar \u2060drive last week, announcing deals worth $2.9 billion.<\/p>\n<p>&nbsp;<\/p>\n<p>The deals \u200bsigned by Ethiopia at the conference in Addis \u200bAbaba, which ended on Friday, span &#8220;manufacturing, agriculture and agro-processing, energy, construction, and other strategic sectors,&#8221; the Ethiopia Investment Commission (EIC) said in \u200ba statement seen by Reuters on Sunday.<\/p>\n<p>&nbsp;<\/p>\n<p>They include \u200ba $150 million project by Sun King to install off-grid solar \u200csystems \u2060for homes and businesses over the next five years, the EIC said. China&#8217;s Liaoning Fangda Group will invest more than $500 million in steel and pharmaceutical manufacturing \u200bplants.<\/p>\n<p>&nbsp;<\/p>\n<p>Ming Yang Smart \u200bEnergy Group \u2060Limited, a Chinese energy firm, accounted for the largest share of commitments, with \u200bprojects to develop infrastructure in renewable \u200benergy, hydrogen, \u2060and green ammonia, requiring investments of more than $10 billion, the EIC said.<\/p>\n<p>&nbsp;<\/p>\n<p>Ethiopia has been implementing wide-ranging economic \u2060reforms \u200bsince 2024, including liberalising its currency, \u200blifting foreign exchange controls, and opening up key sectors such as \u200bfinancial services.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":27776,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-30250","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Ethiopia has secured $13 billion worth of investment deals, the state investment commission said, after a \u200bconference aimed at attracting capital into a \u200crange of economic sectors.","published_date":"","news_description":"Ethiopia has secured $13 billion worth of investment deals, the state investment commission said, after a \u200bconference aimed at attracting capital into a \u200crange of economic sectors.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/30250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/30250\/revisions"}],"predecessor-version":[{"id":30251,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/30250\/revisions\/30251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/27776"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=30250"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=30250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}