FOREIGN INVESTMENT IN ETHIOPIA’S CLOTHING SECTOR CONTINUES APACE, AMIDST POLITICAL PROTECTS
March 1st, 2017
Ethiopia attracted foreign investments of USD1.2 billion in the first six months of the 2016/17 fiscal year, despite this increasingly important manufacturing base being under a state of emergency due to widespread anti-government protests. The figures come from the Ethiopian Investment Commission, which says that these financial injections investments were dominated by major Chinese companies, half of which are licensed in textile and garment manufacturing.
Investors include the Jiangsu Sunshine Group, which engages in wool textiles and garments as well as a ...
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