ANGOLA’S TEXTILE INDUSTRY GETS USD 1 BILLION REVIVAL
June 1st, 2013
clothing and textile industry, largely destroyed by the country’s 27 year civil war, is now being revived, with USD 1 billion’s worth of investment provided by the Japanese Bank for International Cooperation. (JBIC)The money will fund the development of three major plants, with Japan’s Marubeni Corporation being the “EPC contractor who supplies not only engineering, equipment and construction but also training for operation staffs for all the factories and arranges the appropriate finance package…,” a spokesperson from Marubeni’s head office in ...
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