Related Keywords: cheaper location, China, Ethiopia, India, International Monetary Fund, low-end manufacturing, producing clothes, soaring basic wages, Turkey
Frontier African nations such as Ethiopia are positioning themselves to take advantage of the soaring basic wages as China is looking for low-end manufacturing and have starting to shift to cheaper locations around the world.
Ethiopia is one of Africa’s and the world’s fastest-growing economies, the continent’s most populous nation after Nigeria is building a reputation for producing clothes, shoes and other basic goods with rock-bottom wages, cheap and stable electricity and improving transport infrastructure.
