Ethiopia: Dazzling Headlines, Biting Reality

19 May 2014
Addis Standard (Addis Ababa)

Over the last six months news coming out of Ethiopia both by the local and international media is awash with tales of international giants heading to Ethiopia to establish either their own production plants or looking for sourcing. From Uniliver to H&M, to Tesco, Walmart and Primark, and many more companies from China and Turkey have added to dazzling headlines of a heaven-like Ethiopia for investment. Companies looking into textile and garment production and sourcing top the news.

In April last year the Swedish giant clothing retailer H&M announced it was looking at Ethiopia as a new place to have its fashions made; in March this year, Britain's Tesco, the world's third largest retailer, said it wanted a promising industry that upholds high ethical standards as it looks into sourcing clothes from Ethiopia; and in the end of March this year Akber, a Turkish textile manufacturing firm, said it was set to construct the biggest textile plant worth US$ 175 million in Ethiopia.

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