Business
Chinese Investors Eye ICT Sector as Major Aluminum Plant Launches in Ethiopia
Capital Ethiopia · 6 hours ago · Read the Full Story on Capital Ethiopia
AI SUMMARY
Chinese investors are expanding their presence in Ethiopia as Xinye Special Steel launches a major aluminum plant and two technology firms express interest in the nation's ICT sector.
- Xinye Special Steel has completed preparations and commenced operations at its electrolytic aluminum plant.
- The aluminum facility is located in the Gada Special Economic Zone, roughly 65 kilometers southeast of Addis Ababa.
- The plant has an annual production capacity of 180,000 tons to reduce reliance on imported aluminum.
- Henan Huaxi Furnace Refractory Co. and Shenzhen Success Electronics participated in high-level discussions with the EIC regarding ICT investments.
- Shenzhen Success Electronics, established in 2004, specializes in LCD screens, touch panels, and integrated display modules.
- Henan Huaxi Furnace Refractory holds over 50 proprietary patents and has market experience in Turkey, Russia, and India.
- The Ethiopian Investment Commission reaffirmed its commitment to supporting foreign investors from initial setup to commercial expansion.
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