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
-
Egypt Secures EBRD Funding to Expand Water Desalination Capacity
05:19
-
Togo Opens Professional Master’s Programs at Atakpamé Teacher Training College
05:15
-
Morocco Uses Satellite and RFID to Monitor Fishing Vessels
05:11
-
Senegal to Replace CNRA With New Digital-Age Media Regulator
05:00
-
Togo Ranks as West Africa’s Top Business Climate Performer in B-Ready 2025
04:54
-
Zambia Drops Request to Extend IMF Program Ahead of 2026 Expiry
04:53
-
Togo Reappoints Kanka-Malik Natchaba as Head of Lomé Airport Operator
04:46
-
Africa’s Energy Boom in 2026 Puts AfCFTA at the Heart of Its Trade Response to US Tariffs
12:03
-
Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
11:52
-
Orabank to Close Four Branches in Togo From February 2026
20:13
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
EBRD approved a senior loan of up to 350 million Egyptian pounds ($7.4 million) for Ridgewood for Water Desalination. The project will add...
Zambia withdraws its request for a 12-month extension of its IMF lending program worth about $145 million in additional funding. The IMF confirms...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other sectors face sharp contraction in 2025. Power, gas,...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational investments—especially reliable electricity, digital...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...