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Foreign investment continues in Ethiopia clothing sector

Published on April 19, 2017

Ethiopia attracted foreign investments of US$1.2bn in the first six months of the 2016/17 fiscal year, with these financial injections 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 range of other sectors. The company has decided to invest close to US$1bn in Ethiopia, according to the Ethiopian Investment Commission, starting by preparing the human resources ground and opening a training academy to improve the skill-set of Ethiopia's textile and clothing sector workforce. Read more. Source | Just- Style