Ethiopia and India have reached a new agreement to strengthen cooperation in the mineral sector, paving the way for increased trade, exploration, and investment between the two countries. The deal, announced following high-level discussions in Addis Ababa, signals a mutual commitment to harnessing mineral resources for economic growth and industrial development.
The partnership will focus on key areas such as mining exploration, technology transfer, capacity building, and value addition to raw minerals. Both countries have expressed interest in deepening ties through joint ventures, knowledge exchange, and streamlined investment procedures to attract more players from the private sector.
Ethiopia, which is rich in gold, tantalum, potash, and other critical minerals, is positioning itself as a hub for sustainable mining development in East Africa. The government has made mining a strategic pillar of its economic reform agenda, offering incentives and infrastructure support to unlock the sector’s full potential.
India, with its advanced mining technologies and strong demand for raw materials, is looking to expand its presence in Africa through resource partnerships. The new agreement is expected to open up opportunities for Indian companies to invest in Ethiopia’s growing mining industry while providing Ethiopia with technical expertise and equipment to enhance production efficiency and environmental standards.
Officials from both sides emphasized that the collaboration will not only boost bilateral trade but also contribute to job creation, skills development, and foreign exchange earnings in Ethiopia. Implementation of the agreement is set to begin with the formation of a joint working group to oversee project coordination and monitor progress.
This move marks a significant step in Ethiopia’s broader strategy to attract diversified foreign investment and deepen economic ties with emerging global partners.
