#ethiopiantextileandapparel – 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.

November 8, 2019November 8, 2019

Ethiopia Attracts Over 3 billion US dollars Foreign Direct Investment

Ethiopia attracted 3.1 billion US dollars Foreign Direct Investment (FDI) in the concluded Ethiopian fiscal year which ended July 7, 2019.

Ethiopian Investment Commission disclosed today that Ethiopia is the biggest FDI recipient in east Africa nations and the fifth largest FDI destination in Africa as a whole.

October 10, 2019

Ethiopia Secures Over $ 140 Million USD Export Revenue from Industrial Parks

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.

August 30, 2019

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.

August 26, 2019

Garment wars: Japan backs Ethiopia’s effort to build up exports

Japanese trading house Itochu will provide support for Africa’s textile industry, starting in Ethiopia, which has emerged as an alternative production base to Asia, Nikkei has learned.

Apparel production has been shifting from China to other Asian countries, such as Myanmar. But rising wages in Asia have increased the appeal of Africa, which offers substantial savings on personnel.