December 2019 – Intrinsic Consultancy

December 24, 2019

Ethiopia is well positioned to become the textile and apparel manufacturing hub of Africa

The International Trade Center (ITC) organized, under the Partnership for Investment and Growth in Africa (PIGA) project, a dialogue on Ethiopia’s potential to become the next textile and apparel (T&A) supply base for the world. The discussion was organized in collaboration with the Ethiopian Investment Commission (EIC) and the China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT).

The event gathered more than 100 international buyers, potential Chinese investors, representatives of Chinese and foreign-owned companies in Ethiopia and representatives of Ethiopian institutions. It was followed by field visits to T&A factories in several industrial parks around Addis Ababa.

December 24, 2019

Ethiopia’s Industrial Parks are Making Jobs a Reality

Ethiopia is one of the fastest growing countries in the world. Its current population of over 100 million is expected to double in the next 30 years, hitting 210 million by 2060. Due to this accelerated surge in population growth, the country is facing a critical challenge of creating enough jobs.

The Ethiopian government identified industrialization as the means to transform the economy, reduce poverty, provide jobs, and achieve the ambitious aim of transitioning the economy to lower-middle-income status by 2025. But growth in the manufacturing sector lags.

December 5, 2019

SGS opens new textile laboratory in Hawassa Industrial Park

SGS, a leading inspection, verification and certification company, has opened a new textile laboratory in Ethiopia. The new laboratory is equipped with state-of-the-art facilities and can provide a wide range of testing services for apparel and textile products. It will strengthen the local industry’s ability to meet the global standards.

“Ethiopia is becoming a hub for ready-made garment exports to Europe and the USA, clearly demonstrating an increase in demand for consumer product testing services in this region,” said Spencer Yeung, Vice President of SGS Global Softlines. “Our new state-of-the-art facility can test against an array of international safety, quality and compliance requirements. In addition, our program of future development and investment ensures that this lab will be the only fully-fledged textile testing laboratory in the region.”

December 5, 2019

Ethiopia Attracts $700 Million Foreign Direct Investment in First Quarter

Nation attracted 700 Million Foreign Direct Investments (FDI) during the first quarter of the on-going fiscal year, according Ethiopian Investment Commission report.

In its report to the House of Peoples’ Representatives Trade and Industry Standing Committee, the Commission said the country has achieved 70 percent of the plan which was projected to bring over a billion U.S. dollar investments during the stated period.