Page 16 - August-September-2018
P. 16
16
Ethiopia aims to
become largest
production hub
in Africa
In October Africa will open doors for the entire exporters from over 25 countries will be exhibiting
cotton, textiles, apparel, home décor and their new innovations and products to more than
technology industry in the leading exhibition 4000 trade professionals and sourcing industry
and conference, the fourth edition of Africa from around the world at the ASFW.
Sourcing and Fashion Week (ASFW).
ASFW is a huge platform for textile machinery,
The Ethiopian government has been taking textile, dyes, chemicals, leather, footwear,
significant steps for the growth of textile home décor and fashion design promotion.
industry. It is projected that according to the Textile, apparel and technology will be
government plans, the skilled labor will presented though Texworld Addis Abeba,
increase to 350,000 within the coming 5 years Apparel Sourcing Addis Abeba and
in 12 industrial parks. Investments for Texprocess Addis Abeba.
infrastructure has been made as well as tax
advantages and cheap loans. The investors Sustainability in production and Transformation
can also benefit from low energy costs and in Technology will be the main focus of ASFW.
wages. The US and Europe are also Investment oppurtunities in Mauritius, Kenya,
supporting trade with favorable custom Ethiopia and Madagascar will be discussed
conditions and infrastructure projects. followed by a conference on Continental Free
More than 250 international manufacturers and Trade in Africa.
August/September 2018
