ADDIS ABABA, May 14 (AGCNewsNet) – Ethiopia has signed more than $1.6 billion in investment deals at the conclusion of the two-day Invest in Ethiopia High-Level Business Forum 2025, marking a major boost to its ongoing economic transformation agenda.

Held in Addis Ababa, the event convened global investors, policymakers, and private sector leaders to spotlight Ethiopia’s wide-ranging reforms and emerging investment opportunities. Finance Minister Ahmed Shide said the deals reflected renewed confidence in Ethiopia’s private sector and reform programs.

“There has never been a more opportune moment to invest in our nation,” Ahmed declared, reaffirming the government’s commitment to macroeconomic stability and private sector development. He emphasized that investment is key to Ethiopia’s long-term goals of inclusive growth, resilience, and sustainability.

The forum, which featured a curated “deal book” showcasing priority sectors, culminated in the signing of five major agreements:

Sesar Energy Advancing Solutions: $100 million (Phase 1) and $150 million (Phase 2) for solar energy development.

Hanergy New Energy & Jandu: $360 million for solar cell manufacturing.

Huawei Mining Processing Ltd.: $500 million for mineral exploration and a minerals-focused special economic zone.

Sequa Mining and Processing PLC (Ethiopia-China joint venture): $600 million for coal mining development.

Toyo Solar Manufacturing Development PLC: $14 million to scale local solar cell production.

Minister Ahmed outlined four key outcomes from the forum: renewed investor confidence, effective communication of Ethiopia’s reform agenda, strategic networking that secured deals, and a reinforced message of policy continuity.

He also announced the forum would become an annual fixture in Ethiopia’s national investment promotion strategy, backed by robust public-private dialogue mechanisms.

Zeleke, Commissioner of the Ethiopian Investment Commission (EIC), echoed this optimism, calling the event “a vital bridge” between global capital and Ethiopia’s vast investment potential, particularly in agriculture, manufacturing, services, and ICT.

While acknowledging persistent challenges, Zeleke assured that the EIC and its partners were committed to improving intergovernmental coordination and resolving investor concerns.

“The success of this forum reflects Ethiopia’s determination to build a competitive, investor-friendly economy rooted in innovation, entrepreneurship, and sustainable development,” Minister Ahmed said in closing.

Stay connected with AGC NewsNet for the latest news from Africa.

Source: AllAfrica