15 September 2018

Ethiopia: Chinese Apparel Firm Eyes Ethiopia

China National Textile & Apparel Council, a large-scale textile company, disclosed its interest in investing in Ethiopia.

President Mulatu Teshome (PhD) discussed matters with a delegation composed of 52 members led by the company's General Manager Sun Ruizhe.

Many Chinese textile entrepreneurs are interested in investing in Ethiopia, according to Ruizhe.

"We have a clear understanding of government policy, high efficiency, incentives and privileges and also the comparative advantage of developing a textile industry in Ethiopia," he said.

The current stability of the country is the reason for a favourable investment attraction, according to Mulatu. The President briefed the delegation on the existing investment opportunities in various areas including textile and apparel sector.

Ethiopia

'Inclusiveness and Co-existence' Are Critical in Ethiopia – PM Abiy Ahmed

Ethiopian Prime Minister Abiy Ahmed Ali shares his predecessor Hailemariam Desalegn's view that democracy is key to… Read more »

See What Everyone is Watching

Copyright © 2018 Addis Fortune. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.