With low labor costs, even lower energy costs and a sizable, available workforce, Africa is primed for investment and savvy manufacturers want their share of the pie.
To enlighten interested companies on opportunities and challenges when sourcing in Africa, expert panelists at last week’s Africa Sourcing and Fashion Week in Addis Ababa, shared their insight on investing in the region.
For Siddharth Sinha, founder and executive chairman of Velocity Apparelz Companies, which has manufacturing operations in Ethiopia, it was the African Growth and Opportunity Act (AGOA) that made the company even consider the region. Read more. Source | Sourcing Journal