Sunday, May 26, 2024

Tag: EIC

Companies to invest USD 2 bln in textile sector

The Ethiopian Investment Commission (EIC) this week announced that various foreign companies have pledged to invest USD two billion in the textile and garment manufacturing sector.

Chinese textile firm to set up shop here

Following an agreement between the Ethiopian Investment Commission (EIC) and the Chinese Wuxi No. 1 Cotton Investment Co. Ltd., a subsidiary of Wuxi Guolian Develoment Group, the textile manufacturer is set to install a plant inside the soon-to-be inaugurated Dire Dawa Industrial Park.

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