News

Turkish group ramps up investment in Ethiopia

01/04/2014

Turkey-based Ayka Addis Textile & Investment Group is to invest $50 million in new production facilities in Ethiopia, increasing staff numbers by 13,000 and tripling exports to $150 million, according to local reports. The company, which mainly exports to Germany, already operates five plants in Alem Gena. These plants have the capacity to spin...

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