Friday, December 2, 2022

    Tag: Textile

    Sudanese offshore inks USD 200 mln investment deal

    UK based Intrade Co. UK Ltd, an offshore company of Mahgoub Sons Group in Sudan, has entered into an agreement with the Ethiopian Investment Commission (EIC) to invest USD 200 million on three different projects.

    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.

    Textile industry “to learn a lot” from Sri Lanka

    During the biannual high-level dialogue forum on industrial policy held early in the week in Addis Ababa, Kenichi Ohno, professor of economics at the Graduate Research Institute for Policy Studies (GRIPS), compared Ethiopia’s textile industry with that of Sri Lanka, stating that there is a lot the local sector could learn from Asian models.

    CBE swallows Saygin Dima

    The Commercial Bank of Ethiopia (CBE) has finally acquired the former Saygin Dima Textile S.C. under its own asset management company, Commercial Nominees (CN), and renamed it as SEDA Textile Company Plc, The Reporter has learnt.


    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...