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UK, Germany Roll Out $9m to Boost Textile Industry


UK, Germany Roll Out $9m to Boost Textile Industry

A 9-million-dollar funding initiative spanning the next three years was rolled out by the UK and German governments to improve economic development and trade in Ethiopia's textiles and garments sector. Implemented by GIZ, the fund aims to improve working conditions for at least 10,000 workers and boost exports by 20pc and address regulatory issues facing the sector. The announcement was made by Lord Collins, the UK Minister for Africa, during his visit to the MAA Garment & Textiles Factory in Mekelle town, a company that exports to the UK. He said it will provide technical assistance to enhance productivity, improve worker welfare, and ensure compliance with environmental and social standards. Additionally, the program will facilitate connections between producers and potential buyers, fostering economic partnerships with the UK and other major markets. “Some businesses are exporting once again to the UK," said Collins noting the impacts of peace.  

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Prime Capital Joins ESX, Seeks Securities Dealership Licence

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Parliament Ratifies Tax Amendment, Assigns PMO to Lead Conciliation, Imposes 10pc Penalty on Late Evidence

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