Economy
Ethiopia Seeks Chinese Investment in Strategic Minerals
BirrMetrics · 3 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Ethiopia and China held high-level discussions in Addis Ababa to boost Chinese investment in strategic minerals, expand bilateral trade, and support the implementation of the Digital Ethiopia 2030 strategy.
- Deputy Commissioner of the Ethiopian Investment Commission Meleket Sahlu and Chinese Embassy Economic Counselor Liu Xiaoguang held bilateral discussions.
- Discussions focused on attracting Chinese investors to potash and rare earth projects, expanding trade, and supporting the Digital Ethiopia 2030 strategy.
- Bilateral trade between Ethiopia and China reached a record 4.72 billion US dollars in 2025, representing a 32.8 percent annual increase.
- Ethiopia holds substantial potash deposits in the Danakil Depression alongside potential rare earth mineral resources.
- The Danakil potash development projects have faced financing and infrastructure constraints, including transportation costs to export ports via Djibouti.
- Officials discussed agreements signed under the Export to China initiative to increase Ethiopian exports and address bilateral trade imbalances.
- Ethiopia officially launched the Digital Ethiopia 2030 strategy in December 2025 to expand connectivity, 5G services, AI, and digital payment systems.
- The EIC did not disclose the names of potential Chinese investors or announce specific financing commitments following the meeting.
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