Ethiopia seeks $7.3 billion in private investment for public projects
via The Reporter Ethiopia7 min read
Ethiopia is inviting private investors to develop and operate dozens of public projects across various economic sectors, with a combined value of $7.3 billion. These projects, which have lacked funding, are detailed in an investment deal book published by the Ministry of Finance, Investment Commission, and European Union Chamber of Commerce. Investors are expected to operate these projects for up to 30 years to recoup their investment and earn profit before transferring them back to state ownership. Key areas include housing, where there is an estimated annual demand for nearly half a million units, but only 165,000 are currently supplied. Specific housing projects mentioned include the Chaka Housing Project, which has a 51 billion Birr financing gap, and schemes for employees of the Ethiopian Broadcast Corporation and the Federal Housing Corporation. The government also aims to attract over $3 billion for solar projects in Afar and Somali regions, and wind farms in Amhara and Somali regions. In transportation, $2 billion is sought for a railway station and dry port facility in Indode, and over $200 million for the first phase of an expressway linking Addis Ababa to Jimma. Opportunities are also available in mining, transport and logistics, manufacturing, and other industries.
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.
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