Africa Fashion Guide
A social enterprise promoting sustainability within Africa's fashion and textile industry.



Manufacturing

December 24th, 2012

Growing Ethiopian Fashion & Textile Market experiencing International Interest

The Ethiopian Textile Expo says that “The Ministry of Industry (MOI) has targeted the the textile sector as a key contributor for generating foreign currency. The authorities aim to have yearly revenue of approximately US $500 million by 2013, for which the Government must approve approximately 190 enterprises with the ability to make capital investments of US $1.6 billion.  These companies and factories would include approximately 48 threading, 31 grey textile production, 22 knitting sector, 53 woven, 31 garment and 6 finished textile enterprises.  There is also a commitment to support the industry throughout the vaue chain, thereby ensuring that costs are contained domestically, instead of requiring foreign exchange to purchase products such as trim and components.”

A growing number of major retailers are sourcing textiles and clothing from Ethiopia, as the country’s industry undergoes a major expansion program because they agree that Ethiopia has the largest potential domestic market in Africa for textile products.

They include major UK retailers, H&M, Tesco and Primark, and the Ethiopian Textile and Garment Manufacturers Association expects more to follow suit. Ato Fassil Tadesse, President of the Association, says the UK now accounts for 10% of Ethiopia’s textile and garment exports, with other countries in Europe taking 50% and the US taking 40%.

Cotton-Weaving-Plant Ethiopia

In the last financial year, Ethiopia’s textile and clothing exports grew 28% to US$84.6m. The government has set ambitious goals for the industry, aiming to increase earnings to US$1bn by 2016. It also hopes to attract foreign direct investment worth US$1.6bn to build nearly two hundred new textile and clothing plants in the same period. Ato Fassil says these goals are “on track,” with a growing number of manufacturers from overseas, particularly Turkey, India and China, investing as well as an increasing number of local companies.

A key element of the industry’s expansion will be increasing the volume of cotton produced in the country. There are an estimated 3 million hectares available for cotton farming in Ethiopia, but only 30-40,000 hectares are currently used.

Source: http://allafrica.com/







Advertisement
 
 

 

“The best decision ever!” – FASHION AFRICA VOICES

“I quit my corporate job for African fashion” and “The best decision ever!” In this weeks Fashion Africa Voices series we look at the story of Toronto based Designer Catherine Addai of the print infused...
by africafashionguide
0

 
 

How one Tweet connected me to a Hollywood Actress

Did I ever tell you the story of how Actress Rosario Dawson and her business partner spoke at one of my Fashion Africa Conferences I host annually in London? We initially connected on twitter – a platform where i have ove...
by africafashionguide
0

 
 

Can Footwear be Made in Africa? – Welcome to Nigeria!

“The next industrial revolution will be in Africa” says our guest in this weeks Fashion Africa Voices series. Artist and Entrepreneur Tunde Owolabi “Ethniks by Tunde” (www.ethnik.com.ng) I explored with ...
by africafashionguide
0

 




0 Comments


Be the first to comment!


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.