Wednesday, February 28, 2024

Tag: Textile

DBE to foreclose on Ayka Addis

The Development Bank of Ethiopia (DBE) is to foreclose on the bankrupted Turkish textile company – Ayka Addis Textile & Investment Group – in the coming one month, The Reporter has learnt.

ASFW set to attract multinationals

With multitudes of manufacturers and trade professionals ready to descend to the capital, the 4th African Sourcing and Fashion Week (ASFW) is set to start on Monday at the Millennium Hall.

Cotton production to increase by 40 percent

The troubled local cotton producers announced their plan to increase cotton production by forty percent in the current fiscal year.

Manufacturers protest overdue customs duties 

A group of small-scale textile manufacturers have voiced their rage against the Ethiopian Revenues and Customs Authority (ERCA) over “exaggerated customs duties” levied on the imports of raw materials, The Reporter has learnt.   

Beconnected partners with suPPPort for Ethiopia operation

Beconnected Labeling and Printing, the Belgian multinational that opened shop in Ethiopia three years ago, is teaming up with suPPPort ltd, to help build a strategy to establish its brand within the nation of Ethiopia.