JAPAN HELPS ANGOLA RESTORE TEXTILE SECTOR AS AFRICANS SEEK TO DIVERSIFY ECONOMY
May 1st, 2016
Japanese international trading house Marubeni Corp has teamed up with clothing and textile management consultants Werner International, of the USA, in rehabilitating a textiles factory in Angola to produce denim and knitwear products. The move is part of a long term plan by the Angolan government to restore its clothing and textile sector, which was severely damaged by the country’s civil war, which lasted from 1975 to 2002.
Angola wants to diversify its economy away from oil. Government figures for 2015 said oil accounted for more than 95% percent of export ...
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