China’s Huajian Group Signs $100 Million Investment Agreement for Solar Production in Geda SEZ

Addis Ababa, June 2, 2025 (FMC) — China’s Huajian Group has signed a $100 million investment agreement over the weekend to develop solar production and export activities in the Geda Special Economic Zone (SEZ), located in Oromia region of Ethiopia.

The agreement was signed by Mr. Motuma Temesgen, Director General of Geda SEZ, and Mr. Zhang HuaRong, Founder and CEO of Huajian Group.

Under the terms of the agreement, Huajian Group will invest $100 million in solar energy production and export within the Geda SEZ. The company plans to commence operations within three months on leased land in the zone.

Speaking to Fana Media Corporation, Mr. Motuma emphasized ongoing efforts to establish a favorable investment climate in Geda SEZ. “Preparations are being made to create a conducive environment for investors across various sectors,” he said.

He also noted close cooperation with relevant stakeholders to complete essential infrastructure, including power supply, roads, water, and other utilities.

For his part, Mr. Zhang highlighted Ethiopia’s macroeconomic reforms as a key factor in revitalizing investment opportunities. “The reforms have greatly contributed to the revival of investment in the country,” he said, expressing Huajian’s commitment to developing solar production and export projects in the Geda SEZ.

The investment will support Ethiopia’s goals of industrialization and renewable energy expansion, while creating jobs and strengthening economic ties between Ethiopia and China, it has been learned.