Authorities described the forum’s results as a historic breakthrough in attracting foreign capital and strengthening the country’s growth trajectory

Ethiopia has concluded investment agreements worth US$13.1 billion at the international forum “Invest in Ethiopia 2026”, as reported by ENA, a partner of TV BRICS, citing data from the Office of the Prime Minister of Ethiopia, Abiy Ahmed.

The agreements were signed with partners from several countries, including China, India, and Kenya.

The deals cover key sectors of the economy, such as renewable energy, mining and the production of green ammonia.

“These agreements mark a historic milestone and reflect the growing confidence of global investors in Ethiopia’s reform-driven economy,” the statement from the Office of the Prime Minister reads.

The government attributes this success to policy measures aimed at improving the investment climate, including the liberalisation of foreign exchange regulation; the opening up of the banking sector and telecommunications; the creation of modern special economic zones; as well as expanded access to international markets through the African Continental Free Trade Area (AfCFTA).

Ethiopia is developing its vast renewable energy resources – solar and hydrogen energy – and is also increasing productivity in the mining sector.

It is also noted that Ethiopia is strengthening its position as a leading destination for global trade and tourism by improving transport connectivity and leveraging the country’s rich cultural and historical resources.

African Times published this article in partnership with International Media Network TV BRICS