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Ethiopia: Another Textile Factory Folds
Addis Fortune, 3 January 2017
CBE forced to take over as it can't find buyers for Turkish-owned Saygin Dima. Read more »
Saygin Dima, which was previously owned by Turkish investors, has been in the foreclosure process for six months but has failed to generate any interest from buyers.
(File photo).
The Commercial Bank of Ethiopia is to auction Saygin Dima Textile S.C. after the company failed to honour its loan obligations. Read more »
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