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Turkish textile group, Tesco and H&M invest in Ethiopia

Ayka Addis Textile & Investment Group, a subsidiary of Istanbul-based Ayka Textile, is planning to invest one billion Ethiopian birr (31 million pounds) in an expansion of its current RMG production unit in Alem Gena, 19 kilometers away from Addis Ababa. The expansion will create an additional 13,000 jobs, thus tripling employment, and take...

7 Apr 2014