ETHIOPIA AMBITIONS OVER TEXTILE AND CLOTHING EXPANSION PROVING TOUGH TO REALISE
May 1st, 2008
BY PAUL COCHRANE, in Addis Ababa
ETHIOPIA is trying to position itself as a sourcing destination for the textile and apparel industry, but government projections of a US$500 million-a-year turnover (IS THAT RIGHT - SURELY IT CANNOT BE EXPORTS?) sector by 2008/2009 are lagging way behind, with exports of just US$12.6 million in 2007.
In recent years the Ethiopian government has implemented a raft of economic reforms to bolster the economy of one of the poorest countries in the world. Privatisation and tax incentives have helped Ethiopia achieve 10% annual growth ...
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