Category: Investment Report

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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.

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Chinese investors assess new Ethiopia industrial park

The creation of industrial parks, like this one at Bole Lemi, is part of the Ethiopian government’s vision to transform the country into a world-leading apparel and textile hub Chinese industrialists from Kunshan city, a major clothing manufacturing centre in southeastern Jiangsu province, are eyeing potential investments in Ethiopia’s Dire Dawa Industrial Park, China’s ambassador to Ethiopia has told just-style.

Tan Jian says a delegation from Kunshan city, led by its mayor Du Xiaogang, visited Ethiopia last month to probe investment and manufacturing opportunities at the hub, which is still under construction.

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Hong Kong company takes Ethiopia’s Bahir Dar Industry Park

The Hong Kong-based Hop Lun have signed a memorandum of understanding (MoU) with the Ethiopia Industrial Parks Development Corporation (IPDC) to take over the entire factory sheds at Bahir Dar industrial park.

Chief Executive Officer of the Corporation, Lelise Neme, and head of the Amhara regional state Industry and Investment bureau with the rank of Deputy Chief Administrator, Melaku Alebel, oversaw the signing of the MoU in Bahir Dar.

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Ethiopian government says EU-Ethiopia business forum to lure European investors

The Ethiopian government on Tuesday revealed that its business and investment promotion team at the European Union (EU)-Ethiopia Business Forum, which kicked off Tuesday in Brussels, envisaged to lure more European investors to Ethiopia.

The Ethiopian Investment Commission (EIC), in a statement issued on Tuesday, disclosed that the EU-Ethiopia Business Forum, being held from May 14 to 15 in Brussels, capital of Belgium where the EU headquarters are located, would enhance European investments to the East African country.

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Talking Textiles

Born in beautiful Hanzu near Shanghi China, Anhua Qian has been working in textiles for the last 30 years. He is the owner and the president of ANTEX group. Headquartered in Shaghi, the group has investments in Vietnam, Spain, the United States and Italy and now in Ethiopia. Antex group is the first sportswear and apparel company in Adama Industrial Park. ANTEX group has created job opportunities for seven thousand people worldwide. After the company began producing apparels last October in Adama, the company exported the first batch of products to Italy worth 100 million USD. Capital got a chance to talk with the 55 year old Chinese investor about the textile business. Anhua talk to Capital about his investment in the country.

Capital: What got you interested in textiles? 
Anhua Qian: Compared to the other businesses, textiles don’t require a huge investment. The textile industry was the basis of industrialization throughout the world. The industrial revolution that began in Britain was based in the textile industry, the same thing for China, Japan, Taiwan, and Korea, they began their industrialization through textiles. You see 34 years ago textiles made up 40 percent of China‘s exported goods. Now that figure has fallen to 20 percent.

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