Chinese firm Jiangsu Sunshine to invest $350 million to set up textile factory in Ethiopia
Friday, 08 April 2016 20:38
Chinese conglomerate Jiangsu Sunshine Group announced in a statement published on April 7 it will invest $359 million to build a textile factory in Ethiopia.
The factory should be established in the Adama industrial park (about 100 km South East of Addis Ababa) over an area of 4.5 hectares. It should in the long term produce 10 million m of combed wool fabrics and 1.5 million finished units.
Established in 1986, Jiangsu Sunshine Group deals mostly in the power production, pharmaceutical products, housing and textile-clothing sectors.
Ethiopia over the past years has attracted many foreign companies operating in textile-clothing sectors including Turkish giant Akber, Indian ShriVallabh Pittie (SVP), Chinese Zhejiang Jinda Flax, Korean Myungsung Textile Company, Taiwanese George Shoe Corporation.
The country relies mostly on cheap labour, improved power supply chain and its road and ports infrastructures which are in good shape. According to a study by consulting firm Bernstein, manufacturing clothes in Ethiopia costs twice less than in China.
Live News
-
Central Bank of the Democratic Republic of Congo To Acquire Artisanal Gold For Strengthened External Reserves
12:38
-
Egypt’s White Desert, a Landscape Shaped by Wind and Time
11:05
-
French Engineering Group Egis Exits Six Africa Units Amid Legal Dispute
04:08
-
Africa Attracted $13.84 Billion in Energy Transition Investment in 2025
04:04
-
Aquaculture and Fisheries: A Largely Untapped Answer to Africa’s Protein Shortfall
20:08
-
Cameroon Completes Buyback of Eneo in a CFA78 Billion Deal with Actis
20:55
-
Cameroon’s Social Housing Program Falls Short of Initial Targets
20:10
-
Cameroon Customs IT Operator Campass Replaces Chairman After Governance Dispute
20:08
-
Interpol Arrests 651 Suspects in Massive African Cybercrime Crackdown
17:48
-
Flextock Secures Funding to Expand On-Demand Warehousing in Saudi Arabia, UAE
17:44
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
Nigeria opened a formal investigation into Temu over alleged violations of its 2023 data protectio...
The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...
Africa secured $13.84 billion across 306 energy transition deals in 2025. Clean energy projects accounted for 98.3% of total investment...
Africa averages 65 grams of protein per person daily, versus 91 grams globally. WEF says doubling fish production could reduce the continent’s protein...
WFP warns its funds will run out within weeks without urgent support. 4.4 million people face acute hunger; only one in seven receives aid. $95...
DRC and World Bank approved an action plan to raise disbursement to at least 30% in 2026. Current rate stood at 22% in 2025, below 25% over the past...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...