The Chinese based Shaoxing Mina Textile Company is going to construct a textile and garment factory in Ethiopia. The factory is going to be constructed in Sebeta, Oromia State, at the cost of 15 million USD.
For the purpose of maintaining and managing the newly being built Addis Ababa Light Rail Project, Ethiopian Railways Corporation concluded USD 106 Million deals with two Chinese firms; China Railways Group and Shengen Meter Group.
Chinese business delegation team from Hebel Province, China, disclosed its interest to invest in the agro-processing sector of Ethiopia.
The Chinese pharmaceutical manufacturing company, Humanwell Healthcare, is set to invest 2 billion Birr in Ethiopia and construct a plant.
Jiangsu Sunshine Group, a Chinese manufacturer, intends to construct a textile plant in Ethiopia at a cost of 350 million USD.
In the aim of boosting the country’s textile industry and making the nation Africa’s textile industry hub, Ethiopia is using the sector as a bridge for economic development.
