A Consultancy firm based in Addis Ababa
UK-based women’s value clothing retailer Bonmarché has fallen into administration after failing to restructure its business fast enough to meet today’s new trading realities.
The Wakefield-based business sells fashions for the over-50s, and employs 2,887 people, including 200 staff at its head office. It trades through 318 stores across the UK, online and by telephone.
Continue reading “Retailer Bonmarché falls into administration”
German Development Cooperation (GIZ) has expressed its continued commitment to support investors who are keen on engaging in Industrial Parks of Ethiopia and its inclusive development.
Program Manager for Special Initiative Job Creation and Sustainable Program at GIZ, Ulrich Plein told Ethiopian News Agency that GIZ is working with Industrial Park Development Corporation, Ethiopian Investment Commission to improve industrial parks development.
Continue reading “Germany Vows to Shore up Ethiopia’s Industrial Parks Development”
Parks and concerning stakeholders said easing hurdles facing the parks is important to make the industrial parks productive and competent abroad.
Economic growth in Ethiopia is progressing at an impressive rate, where industrial parks are satisfying the interest of international investors in the country’s economy. Attracting FDI is at the core of Ethiopia’s industrialization strategy, which is supported at the highest level and in particular by the Prime Minister.
Continue reading “Ethiopian Industrial Parks Development Corporation is working to ease challenges facing industrial parks”
A new front has opened in the U.S.-China trade war as companies shifting manufacturing to Vietnam engage in a fierce battle for skilled labor, aggravating an existing shortage and prompting calls for education reforms to address the problem.
Vietnam has emerged as one of the largest beneficiaries of the trade spat between Washington and Beijing.
Continue reading “Choke point: Vietnam skilled labor squeezed by Sino-U.S. trade war”
Ethiopia to host International Textile Machinery Exhibition (ITME) Africa 2020, which scheduled to be held from 14th to 16th February.
The exhibition is organized by India ITME Society in collaboration with Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA).
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Ethiopia earned 140.6 million US dollars in export revenue from industrial parks in the concluded Ethiopian fiscal year, ended July 7, 2019, according to Ethiopian Investment Commission.
Ethiopian Investment Commission Public Relations Director, Mekonnen Hailu said that the performance of the export from the industrial parks exceeded that of same period last fiscal year by 57 percent.
Continue reading “Ethiopia Secures Over $ 140 Million USD Export Revenue from Industrial Parks”