ETHIOPIAN CLOTHING SECTOR WELCOMES CHINA INDUSTRIAL ZONE DEAL
June 8th, 2014
Ethiopia’s booming textile industry is set to benefit from a new partnership between Chinese textile company Zhejiang Jinda Flax Llc and the Ethiopian ministry of industry.A memorandum of understanding signed mid-May outlined how Zhejiang Jinda Flax and the ministry would form a joint company, the Kingdom Linen Textile Industrial Zone, which will be responsible for the construction and development of the textile industrial zone project.An investment agreement is likely to be signed by the end of July according to the ministry, while construction of the zone - ...
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