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Ethiopia's garment manufacturing hopes unravel with Tigray war — Quartz Africa

January 20, 2021
Ethiopia has long been considered one of Africa’s economic wunderkinds. Until recently, it had relative political stability in comparison to other countries on the continent. And, with an average GDP growth rate of 10% in the past decade and a government that instituted policies friendly to foreign investors, the country was able to attract South and East Asian clothing manufacturers. These sell to international brands, such as Decathlon and H&M.
But, for the past two months, violent conflict in Ethiopia’s northern Tigray region fueled by ethnic power politics has threatened the country’s stability. According to the International Crisis Group, the violence has likely killed thousands of people, including many civilians, displaced more than a million people internally, and led some 50,000 to flee to Sudan. ....

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The secret of becoming a preferred sourcing base

A newly released Mauritius government plan designed to help the country s manufacturing industry recover from the Covid-19 pandemic has proposed that the clothing and textile sector invests in the latest technology and uses it to leverage local design talent. This expenditure will be supported by a new government-backed modernisation fund.
Sri Lanka-based global apparel manufacturer Hela Clothing has taken a 50% stake in Indonesia s Submiri Intimates Apparel in a move that sees the creation of a new joint venture project to produce intimate products at Ethiopia s Hawassa Industrial Park. ....

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PVH : Joins With United Nations in Reaffirming Commitments to Stand Up for Human Rights - 12.10.20

PVH : Joins With United Nations in Reaffirming Commitments to Stand Up for Human Rights - 12.10.20
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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