BBC Somali

  11:00 GMT

  14:00 GMT

  18:00 GMT



Newsletter






Current Stats
12 visitors online
Total visits: 555760
View Stats
Job i Kolding område
Altaqwaa
Amin Arts
Koldingkommune
VOA
Geeska Afrika
Hadhwanaagnews
Misterwhat
Hiiraan Online
Hornafrik
Qarannews
Maktabada
Gabilley
CALANKA
Mudug-online
TvSleurope
Somaliland.org
Qorahey online
Radio Copenhagen
Radio Hargeysa
RTD- Djibouti
Shabeele
Somaliweyn
Somalitribune
Somalitalk
Somalilandnet
Togdheernews
Radio Hirad
HEESO NOOC WALBA LEH.
Afnugaal
Ducaale
All Puntland
Saacadaha dunida
Somalilandinfo
Youtube
Redsea-online
Aflax
Kolding Byrådes debat
SDWO
Ramaasnews
Harowo
oodwaynenews
Radiofreesomalia
Goljano
Hiiraanlive. New
Warya TV
Haatuf
Radio Warsan
Jamhuuriya
DR Nyheder
Dhegayso EAVAFM
Somalimediastation
HALBEEG NEWS
washaaqo.com
Wardheernews
SSE Website
Hiiraanlive. New
bclub19. New
Qumaati. New
WAASAN
SS Alberta-Canada
HARGEISA SPORTS

Waqtiga Salaada
SalaadaCopenhagen
Fajr06:57
Shuruq08:47
Dhuhr12:56
Asr14:40
Maghrib17:03
Isha18:47


Kooxda Muqdisho oo Guulo ka Gaartay Tartan ka Socda Nairobi


Dowladda oo sheegtay in 50 Shabaab in ay isku soo dhiibeyn


Wiil Soomaali ah oo dil ka geestay Australia


Xanuunka Shuban-Biyoodka Oo ka Dilaacay Gobolka Awdal


Boosaaso oo lagu qabtay gaari qaraxyo sida iyo labo nin oo la socday


Dawladda oo faahfaahin ka bixisay diyaaraddii ku dhacday Muqdisho


Dad hor leh oo cudurka shubanka ugu dhintay Burco


Xukuumada Somaliland Oo Shaacisay Qaadhaan Ururin la Samaynayo 18-ka May


Fariinta Madaxweynaha Somaliland Ee 18 May Iyo Abaaraha


Afhayeenka madaxweyne Siilaanyo oo ka hadlay saamiga la siiyey Itoobiya ee dekedda Berbera


Shirar hordhac u ah shirka London oo maanta dhacay

Wargelin: Latest news from Denmark and the rest of the world - Newsletter - - -
Hormuud News     Friday, November 17th, 2017 | 20:11
[Friday, November 10th, 17] :: Chinese companies keep investing in Ethiopia

Share |
news image

RH. Dire-dawa - As Ethiopia strives to become the manufacturing hub of Africa, more and more Chinese companies are showing an interest in investing in the east African country.

The latest Chinese company that will soon establish a presence in Ethiopia is the Wuxi No. 1 Cotton Mill, which is part of the Guolian Development Group and one of the largest textile manufacturers in China, according to the Ethiopian Investment Commission (EIC).

The company has signed an investment agreement with the Ethiopian government to establish an integrated textile industry in Ethiopia's second largest city Dire Dawa, some 446 km east of Ethiopia's capital Addis Ababa.

According to the EIC, Chinese companies, with close to 379 projects that were either operational or under implementation in 2012-2017 period, are on top of Ethiopia's investment landscape, both in number and financial capital.

Among these companies, 279 were operational in Ethiopia with projects that worth over 13.16 billion Ethiopian birr (over $572 million) during the reported period, while the remaining 100 are under implementation.

In terms of employment creation, Chinese companies have created more than 28,300 jobs in various sectors in Ethiopia during the reported period, of which over 19,000 were created in Ethiopia's manufacturing as it is the leading sector in attracting companies from China.

In a statement sent to Xinhua on Thursday, the EIC indicated that the Wuxi No. 1 Cotton Mill and the Guolian Development Group will bring state-of-the art manufacturing technology, knowhow and excellence accumulated over a span of 100 years to Ethiopia.

Noting that the company currently has a weaving capacity of 26,000 tons of yarns and 30 million meters of gray fabrics yearly, the EIC expects Wuxi No. 1 Cotton Investment Company to play a big role in Ethiopia's ambition in putting its export industry in the map.

As part of the investment agreement, which was signed in Wuxi city in China on Nov 2 between the EIC and officials of the company, the Wuxi No. 1 Cotton Mill has agreed to invest in a large scale and integrated fabric mill and spinning plant in Dire Dawa, targeting the export market.

The Ethiopian government also envisages that high profile companies, such as Wuxi No.1 Cotton Mill which is said to be known for supplying leading global brands where 75 percent of its products are mainly exported to Europe, America, Japan, and Southeast Asia, will help push Ethiopia to be the leading player in Africa's apparel and textile manufacturing sector.

Abebe Abebayehu, Deputy Commissioner of the EIC, believes the arrival of such investors in the country will help Ethiopia realize its target.

"This investment would contribute immensely to our government's vision to build a sustainable, vertically integrated and export-oriented, apparel and textile manufacturing hub in Ethiopia. Indeed, our vision is to make Ethiopia the leading manufacturing hub in Africa," the statement quoted Abebayehu as saying.

According to the EIC, in addition to creating direct employment opportunities and boosting Ethiopia's foreign exchange reserves through exports, this investment is expected to create significant backward and forward linkages in the country's fast growing textile and garment industry.

In a bid to create better market opportunities for large scale cotton production in the country, the project plans to purchase raw materials such as cotton from local sources, it was noted.

posted on Friday, November 10th, 17
china daily
  |  Daabac Boggan email ugu dir saaxiib

DHAGEYSO: Guddiga doorashada Somaliland oo ka hadlay tirinta codadka


Madaxweyne Farmaajo ka hadlay mucaaradnimada lagu hayo dowladiisa


Madaxweyne Ku-Xigeenka S/land Oo lagu soodhaweeyey Gobolka Hawd


Dowladda oo shaacisay dadka ku dhintay iyo kuwa ku dhaawacmay weerarkii Soobbe


Gudoomiyaha Kumeel Gaadhka Ah Ee Xisbiga UCID Oo Dalka Lagu Soo Dhaweeyey


Xafiiska tallo bixinta dhaqaalaha ee Kolding


Madaxweynaha Somaliland Oo Waraysi-Siiyey Warbaahinta Dowlada


Wasiir Xukuumada Somaliland ka Difaacay Eedo loo Jeediyey


Madaxtooyada S/land Oo ka Hadashay Mudahaarad ka Dhacay Gabiley


Maamulka Gobolka Sanaag Oo ka Hadley Xaalada Nabadgalyo ee Gobolkaasi


Ceelbiyood Laga Hirgalindoono Gobolka Hawd Oo la Daahfurey


Duqa Minneapolis oo ka hadashay dilka askari dilkii Justine Damond


Gudoomiyaha Waddani oo Khudbad u Jeediyey Shacabka Balli-gubadle


Dhageyso: Khudbadda madaxweynaha uu u jeediyey Baarlamaanka


Madaxweynaha Somaliland Oo Beeniyey inuu Xanuun U Jiifo


Akademiyada Cilmiga Soomaaliya iyo Suugaanta iyo 40 Jaamacadood oo Muqdisho ku kulmay


Air Arabia oo Duulimaad ka Billowday Hargeysa


Ninkii Dilay Wasiir Cabaas oo Dil lagu Xukumay


Dowladda Soomaaliya oo qabatay madixii amniyaadka Shabaab ee gobalka Banaadir


Wasarada Waxbarashada S/land Oo Go”aamo Adag Ka Soo Saartay Imtixaanaadka Shahadiga