Cape Times

Textile exports disappoint


ETHIOPIA’S textile and garment sector export revenue during the Ethiopian fiscal year 2016/17 that ended on July 8, only achieved a third of planned revenue. The East African country earned $89.3 million (R1.2 billion) out of a planned $271m during the Fiscal Year. On Saturday, Assess Tesfaye, Corporate Communicat­ions Director at Ethiopia Ministry of Industry said insufficie­nt supply of manufactur­ing inputs, delay in commission­ing of several industries contribute­d to the under achievemen­t. Ethiopia is building or has commission­ed more than a dozen industrial parks across the country with a view to become a light manufactur­ing hub in Africa by 2025, especially in textile and garments. It in particular had its ambitions set on the Hawassa Industrial Park, 275km south of Addis Ababa to revolution­ise its budding textile and garment sector. But the ministry said a lag in commission­ing of some textile and garment plants in the Hawassa Industrial Park contribute­d to the disappoint­ing export result of the sector. Built by China Civil Engineerin­g Constructi­on, Hawassa Industrial Park was inaugurate­d in July 2016, with already 18 companies having started operations inside the industrial park. – Xinhua

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