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ITACA, an Italian fashion company launched a USD 15 million textile factory at Ashegoda, Tigray Regional State yesterday on October 18, 2019. The company’s CEO Federico Fraboni the factory had already began exporting clothes to Europe.

According to Haftom Fantahunegn, Investment Director at Tigray Trade, Industry and Urban Development Bureau, 1000 citizens are currently employed in the factory. He added that two additional textile factories would commence production soon.

Source: Ethiopian News Agency

A delegation of 50 Italian companies will be arriving in Addis Ababa, with the head of the Italian Trade Agency, to participate in the 18th Addis Chamber International Trade Fair, Fortune reported.

The seventh Specialized International Exhibition in Agriculture and Food (AGRIFEX) is expected to open on Thursday, June 19, 2014 in Addis Ababa, Ethiopia and feature Italian companies. The exhibition is going to be held at the Addis Ababa Exhibition Center and last for five days.

Itel Mobile Ethiopia disclosed it aims to generate 40 million USD from the export of mobile phones it assembles in the Horn of Africa Nation.

Addis Ababa July 14/2015 An understanding that encourages Japanese companies to engage in the industrial parks of Ethiopia has been reached with the Japanese government, according to Ministry of Foreign Affairs.