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Egyptian Prime Minister to look into plan to revive textile industry

Related Keywords: Egyptian Prime Minister, include latest instruments and technological equipments, increase production capacity, look into plan to revive textile industry, machines for reaping cotton crop, plan includes mechanisms to implement development process, provide sufficient cotton to local market, reduce import of clothes and textiles, Sherif Ismail

The Egyptian Prime Minister Sherif Ismail will be holding a meeting to look into a plan to revive the textile industry. The plan includes mechanisms to implement the development process of the industry in a way that reduces Egypt’s imports of clothes and textiles. Cotton should be provided sufficiently to the local market, especially the types appropriate for the industry.

Awassa Textile to undertake 168mn Birr expansion project at its plant

Related Keywords: Awassa Textile, export to international market, increase production capacity, install new textile machinery, Kenya, semi finished threads, through loan agreement, undertake expansion project, use on capital expenditure, with Development bank of Ethiopia, working capital

Awassa Textile S.C. plans to undertake a 168 million Birr expansion project at its plant through a loan agreement with the Development Bank of Ethiopia (DBE) that concluded on April 17, 2015. Out of the 168m Birr loan, 134 million Birr will be used on capital expenditure, while the remaining sum is for working capital, said Eyasu Atnafu, general manager of Awassa Textile S.C.

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