Ethiopia lands $13bn in deals, dwarfing Kenya’s $2.9bn haul
A salesperson at Sun King Kenya exhibition stand engages with a customer during the Nation Shopping Festival in Nairobi on December 7, 2023. Ethiopia signed a $150 million project with Sun King to install off-grid solar systems for homes and businesses over the next five years.
Ethiopia has secured $13 billion worth of investment deals, the state investment commission said, after a conference aimed at attracting capital into a range of economic sectors.
Like other frontier economies in Africa, the East African nation has been seeking to boost foreign direct investment, particularly in manufacturing, to create jobs for its growing population. Neighbouring Kenya held a similar drive last week, announcing deals worth $2.9 billion.
