Tesco, British multinational merchandise retailer, is conducting negotiations to open a mega store in Ethiopia. 
Ethiopian government representatives began negotiations with Tesco as part of the efforts to invite international wholesalers and retailers to combat inflation.
Multinational companies maybe the solution to the national market which has been unable to deliver basic commodities at affordable prices according to sources.
Tesco, the world's third-largest retailer, is looking to source ethically produced clothes from Ethiopia, Reuters reported.
TESCO PLC, a British multinational grocery and general merchandise retailer, is negotiating to import footwear from four Ethiopian leather factories, according to the Ethiopian Leather Industry Development Institute (LIDI).
Tikur Abay, Peacock, Anbessa and Ramsey are the four factories that the company is negotiating with to export their footwear products, LIDI Corporate Communication Director, Berhanu Serjebo, told Walta Information Center.
The Bahir Dar Textile Factory is undergoing a 500 million birr renovation which is expected to enable it to produce three times as much as it currently does and make it competitive in international market, Abay Melaku, general manager of the factory, said.
70 Textile machinery and accessory manufacturers from German paid visit to Ethiopia for four days.
