Ethiopia agrees minerals, energy deals worth $1.7bn, chiefly with Chinese firms
A general view of the skyline of Addis Ababa, Ethiopia on November 3, 2021. Ethiopia is undergoing major reforms, including floating its birr currency and pursuing an $8.4 billion debt restructuring with official creditors.
Ethiopia has signed investment deals for its minerals and energy sectors worth more than $1.7 billion, mostly with Chinese firms, its finance ministry said.
The East African nation, which struck a four-year, $3.4 billion program deal with the International Monetary Fund last July, is in the midst of a far-reaching reform drive, including the flotation of its birr currency and a push to complete an $8.4 billion debt restructuring with its official creditors.
