Ethiopia secures more than $1.6bn in mining and energy investment deals

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What's happening: Ethiopia has secured over $1.6 billion in investment deals focused on mining and energy sectors.

Why it matters: These investments are expected to boost Ethiopia's economic growth and enhance its energy infrastructure, potentially attracting further foreign investment.

Details:

The investment deals are aimed at expanding Ethiopia's mining and energy capabilities.
The agreements are part of Ethiopia's broader strategy to develop its natural resources.
The investments are anticipated to create jobs and stimulate local economies.


Sequa Mining and Processing has pledged $600m (4.33bn yuan) to advance coal mining projects within the country. Credit: Ministry of Finance Ethiopia.


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