China express interest to invest in Ethiopia

Delegation leader of the three associations, China Textile Association, Hong Kong Chamber of Textile Association, and Chinese Chamber of Light Manufacturing, Helen Hai held talks with Prime Minister Hailemariam Dessalegn on ways of facilitating investment in Ethiopia yesterday.

During the occasion, the delegation leader and Goodwill Ambassador of United Nations Industrial Development Organization (UNIDO), Helen Hai said that the reason they are coming here is actually because Ethiopia is embarking a new chapter of development which is leading a successful example for Africa to follow.

The delegation leader appreciated the favorable business environment in the country and also signed a collaboration agreement with Ethiopian Investment Commission (EIC) and they are going to be partners.

Prime Minister Hailemariam Dessalegne affirmed that the country is ready to facilitate and solve any problem investors may face during their activities.

Hailemariam said that the light manufacturing industry sub-sector is one of the priority areas in Ethiopia and called on the three massive light manufacturing associations to inform other similar international companies about the actual situation in the country and persuade them to invest in Ethiopia.

Recent Posts

TJX Companies removes fur, angora, mohair from its products

TJX Companies has decided to remove natural fur from its collections, including angora, which comes from rabbits, and mohair, which…

2 days ago

Bangladesh plans to boost jute production and sustainability

The government of Bangladesh has introduced a detailed and multi-level plan to increase jute production and improve its quality.

2 days ago

Eastman launches Naia Lyte for lightweight, high-performance fabrics

Eastman introduced Naia™ Lyte, a new cellulose acetate filament yarn, at the Intertextile Shanghai Apparel Fabrics Spring/Summer 2026 exhibition.

3 days ago

Ecco, Spinnova develop shoe using leather by-product fibers

Ecco, Spinnova have introduced the Ecco BIOM 720 shoe. This product is unique as it uses leather by-products that are…

3 days ago

Xefco deploys first waterless plasma dyeing system

Xefco has deployed its Ausora system, marking the first time a waterless plasma textile dyeing machine has been deployed at…

3 days ago

trinamiX to use NIR technology for supply chain transparency

trinamiX is helping manufacturers, recyclers, sorters, and brands improve material identification through its mobile near-infrared spectroscopy technology.

4 days ago