Chinese investment in Ethiopia continues to gain momentum with the official launch of a major aluminum plant, alongside fresh expressions of interest from two technology firms looking to enter the nation’s expanding Information and Communications Technology (ICT) sector.
The developments were confirmed during a high-level meeting between Ethiopian Investment Commission (EIC) Commissioner Zeleke Temesgen and a delegation of Chinese business leaders in Addis Ababa, underscoring Ethiopia’s growing appeal as a regional hub for manufacturing and technology under the government’s homegrown economic reform agenda.
Xinye Special Steel Chairman Shu Wenping formally announced that the company has completed its preparations and commenced operations at its massive electrolytic aluminum plant.
Located in the Gada Special Economic Zone—roughly 65 kilometers southeast of Addis Ababa—the facility boasts an annual production capacity of 180,000 tons, a move expected to significantly strengthen Ethiopia’s industrial supply chain and reduce reliance on imported aluminum products.
Adding momentum to the technological front, representatives from Henan Huaxi Furnace Refractory Co. and Shenzhen Success Electronics participated in the high-level discussions, signaling a strong corporate appetite for investment in Ethiopia’s expanding ICT landscape.
Established in 2004, Shenzhen Success Electronics specializes in the research, development, production, and distribution of LCD screens, touch panels, and integrated display modules, exporting its products globally to markets including Europe, Japan, South Korea, and Singapore.
Meanwhile, Henan Huaxi Furnace Refractory brings extensive international market experience across Turkey, Russia, and India, backed by a portfolio of over 50 proprietary patents.
The EIC reaffirmed its steadfast commitment to providing comprehensive, end-to-end support for foreign investors, guiding projects seamlessly from initial setup through to full-scale commercial expansion.