Related Keywords: BDL Group, build textile and garment factory, Chinese textile company, Ethiopian textile industry, influx of investment, Kingdom Holdings Ltd, manufacturing sector, multinational textile company, textile/fashion business
Ethiopia, Africa’s second most populous nation with the growing influx of investment in its textile business will enhance the country’s efforts to improve local companies engaged in the manufacturing sector.
While The Economist projects an annual growth of 7 to 8 percent through 2016 for the country, Ethiopia’s Government Growth and Transformation plan places growth rates of at least 11.2 percent per annum during a decade long period it set to achieve a middle-income status.
