Friday, December 2, 2022

    Tag: Textile

    Foreclosed Turkish textile revived by creditor

    Two years after it was abandoned by its former owners, the bankrupt Else Addis Industrial Development Plc is now in a good shape and making a substantial profit under the management of the creditor Development Bank of Ethiopia (DBE), The Reporter has learnt.

    Chinese sweater maker commences operation

    Lonto Garment PLC, one of the subsidiaries of the Chinese Shangtex Holding, has commenced production with its newly installed sweater manufacturing plant in Ethiopia.

    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 in Dire Dawa

    A Chinese company, Wuxi Textiles is set to build a textile factory in Dire Dawa City with an investment of USD 220 million, The...

    H&M’s Ethiopian made sweater ignites controversy

    Sweden’s multinational clothing company, H&M (Hennes & Mauritz AB), one of the world’s most successful clothing companies is facing a backlash for featuring a young Sweden-based Kenyan model in one of its catalogues with a sweater emblazoned with the words “coolest monkey in the jungle”, that was allegedly sourced from an Ethiopian textile manufacturer.


    The business of aid

    Freedom is one of the fundamental rights accorded to humans. People should have the freedom to speak, act and think. But how does one acquire true freedom? I believe that behind freedom, there is power.

    Time for Eritrean troops to leave Ethiopia

    Ever since the federal government of Ethiopia and the...

    EEP awaits ENDF takeover to resume electricity in Mekelle

    Teams are ready to repair damaged electric lines Executives of...

    Confusion reigns over payment system reform

    Gone are the days when a telecom operator solely...