AMN Plus-April 29, 2026
The Deputy Commissioner of the Ethiopian Investment Commission, Dagato Kumbe, held discussions with a delegation from Tsingshan Industry regarding the company’s potential investment opportunities in Ethiopia.
During the meeting, Dagato Kumbe stated that the macroeconomic reforms currently being implemented by Ethiopia to improve the investment climate have been instrumental in addressing key questions raised by investors.
The Deputy Commissioner further emphasized that the government is committed to providing essential infrastructure, such as adequate electric power, to ensure the success of Tsingshan Industry’s operations. He also reaffirmed that the Investment Commission will provide all necessary support to the company.
Highlighting Ethiopia’s strategic importance, Dagato noted that “investing in Ethiopia is equivalent to investing in the entire African continent.” He extended an invitation for the company to explore various investment options, including the Free Trade Zones in Dire Dawa and Gada.
For their part, the leadership of Tsingshan Industry expressed a strong interest in engaging and investing in Ethiopia’s steel and iron production sector.
Established in 1992 in China, Tsingshan Industry is a global leader in the production of steel, nickel, and lithium batteries. The company operates production hubs across the USA, China, Indonesia, India, Zimbabwe, and Argentina.
In 2025, the company recorded sales revenue exceeding USD 60 billion, producing over 22 million tons of stainless steel and 1.5 million tons of nickel annually
