{"id":2099,"date":"2026-04-29T05:47:25","date_gmt":"2026-04-29T05:47:25","guid":{"rendered":"https:\/\/www.amn.gov.et\/en\/?p=2099"},"modified":"2026-04-29T05:47:27","modified_gmt":"2026-04-29T05:47:27","slug":"global-giant-tsingshan-industry-expresses-interest-in-investing-in-ethiopias-steel-and-iron-sector","status":"publish","type":"post","link":"https:\/\/www.amn.gov.et\/en\/global-giant-tsingshan-industry-expresses-interest-in-investing-in-ethiopias-steel-and-iron-sector\/","title":{"rendered":"Global Giant Tsingshan Industry Expresses Interest in Investing in Ethiopia\u2019s Steel and Iron Sector"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/ii-1024x682.jpg\" alt=\"\" class=\"wp-image-2100\" srcset=\"https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/ii-1024x682.jpg 1024w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/ii-300x200.jpg 300w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/ii-768x512.jpg 768w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/ii.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>AMN Plus-April 29, 2026<\/p>\n\n\n\n<p>The Deputy Commissioner of the Ethiopian Investment Commission, Dagato Kumbe, held discussions with a delegation from Tsingshan Industry regarding the company\u2019s potential investment opportunities in Ethiopia.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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&#8217;s operations. He also reaffirmed that the Investment Commission will provide all necessary support to the company.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiiippp-1024x682.jpg\" alt=\"\" class=\"wp-image-2101\" srcset=\"https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiiippp-1024x682.jpg 1024w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiiippp-300x200.jpg 300w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiiippp-768x512.jpg 768w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiiippp-1536x1023.jpg 1536w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiiippp.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Highlighting Ethiopia&#8217;s strategic importance, Dagato noted that &#8220;investing in Ethiopia is equivalent to investing in the entire African continent.&#8221; He extended an invitation for the company to explore various investment options, including the Free Trade Zones in Dire Dawa and Gada.<\/p>\n\n\n\n<p>For their part, the leadership of Tsingshan Industry expressed a strong interest in engaging and investing in Ethiopia\u2019s steel and iron production sector.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiooo-1024x682.jpg\" alt=\"\" class=\"wp-image-2102\" srcset=\"https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiooo-1024x682.jpg 1024w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiooo-300x200.jpg 300w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiooo-768x512.jpg 768w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiooo-1536x1023.jpg 1536w, https:\/\/www.amn.gov.et\/en\/wp-content\/uploads\/sites\/3\/2026\/04\/iiooo.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>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<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cybocfi_hide_featured_image":"","footnotes":""},"categories":[10,4],"tags":[],"class_list":["post-2099","post","type-post","status-publish","format-standard","hentry","category-economy","category-ethiopia","entry"],"_links":{"self":[{"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/posts\/2099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/comments?post=2099"}],"version-history":[{"count":1,"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/posts\/2099\/revisions"}],"predecessor-version":[{"id":2103,"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/posts\/2099\/revisions\/2103"}],"wp:attachment":[{"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/media?parent=2099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/categories?post=2099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amn.gov.et\/en\/wp-json\/wp\/v2\/tags?post=2099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}