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Rose Chemicals, from Turkey and Swiss companies, CHT-Bazema and Textile Color AG, have been selected for an exclusive arrangement to supply chemicals to the textile industry in Ethiopia with a commitment to set up factories in the next five years.  

The Textile Industry Development Institute and the Ministry of Industry invited 15 international companies to make offers following persistent complaint from the textile sector about challenges associated with chemical imports.

After reviewing five proposals the three companies were selected as exclusive textile chemical suppliers in Ethiopia enjoying duty free privileges. The three companies were selected on criteria that included European quality certification, supply capacity and their commitment to respect the customs bonded warehouse rules of the Ethiopian Revenues and Customs Authority.

Four apparel and textile producers in Ethiopia are to wrap a 10 million US dollar deal with a group of US buyers in the next few weeks according to a senior representative of USAID Compete.

The Ethiopian textile companies involved in the deal are AYKA Addis, Addis Garment, Maa Garment and Kombolcha Textile and Calvin Kline is expected to be one of the US companies involved.

USAID Compete, is a USAID initiative which organizes Origin Africa, a yearly textile and apparel trade show in Africa. The Origin Africa event, which took place in Ethiopia for the first time this year, so 60 exhibitors representing many from the Ethiopian textile sector and about 26 buyers from the US and some from Europe.

Ethiopia was selected to host the “Origin Africa’ textile exhibition because of its conducive investment and trade policy according to Rajeev Arora, Director of the African Cotton and Textile Industries Federation.

The exhibition will be held in Addis Ababa from April 25-28 2012.

Ethiopia should enhance the competitiveness of its textile and garments sector on the international market said Arora.

Holland Car plc, first automobile assembler in Ethiopia, has reached a Joint venture agreement with a transport company based in the Democratic Republic Congo, TRC-City to assemble Ahadu Bus and Abay Executive.

Holland Car owns 30% of the Joint Venture of the new assembly plant to be constructed in Kinshasa with the other 70% shared equally between the founding partners of TRC said Engineer Tadesse Tessema General Manager of the company.

Holland expects to show case the first Ahadu Bus assembled in the DRC in the coming four months according to sources.

Ethiopia earned 193.5 million US dollars from the export of manufactured products in the last nine months according to the Ministry of Industry.

The revenue earned exceeded the sum earned in the same period last year by 55.9 million US dollars or 40.7%.

The revenue was earned from the export of leather and leather products, agro-processing, chemicals, pharmaceuticals, textile and garment said Mekonnen Manazewal, State Minister of Industry in a presentation of the ministry’s nine month performance report to the House of Peoples’ Representatives.