April, 2026
A Chinese investment group, Aladdin Holdings Group, and the Ethiopian embassy in Beijing have signed a strategic memorandum of understanding to explore a proposed China-East Africa Modern Agriculture and Cultural Tourism Industry Innovation Center, according to both sides.
The memorandum, signed on Wednesday, sets out a framework for cooperation that brings together renewable energy, modern agriculture, equipment manufacturing and cultural tourism, with Ethiopia positioned as the initial base for development.
Aladdin Holdings Group is a Beijing-based diversified investment company with interests spanning renewable energy, industrial investment, information technology and cultural and tourism-related projects. The group has positioned parts of its portfolio around energy transition themes, including photovoltaic systems, energy storage and integrated industrial energy solutions, alongside agribusiness and service platform investments.
Under the proposed model, the company said it aims to build an integrated system combining solar power, industrial energy storage, cold-chain logistics and agricultural robotics. The approach is intended to support agricultural modernisation while linking energy supply with production and distribution systems.
Chairman Yang Renqiang said Ethiopia offers both resource potential and market demand, particularly in renewable energy and agricultural upgrading. He said the long-term objective is to develop scalable industrial-agricultural clusters that could later be extended across East Africa and other markets.
Ethiopia’s ambassador to China, Tefera Derbew Yimam, said the initiative aligns with the country’s economic reform agenda and its efforts to modernise agriculture, which remains the main source of employment for about 70 percent of the population. He said the embassy would support coordination as the proposal advances.
Ethiopia’s participation in the Forum on China-Africa Cooperation and the Belt and Road Initiative has provided a wider framework for economic engagement between the two countries, which have cooperated in infrastructure, renewable energy, agriculture and manufacturing sectors.
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