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 production capacity up to 100 percent. The company is also expecting exports to triple to 150 million US dollars from currently 56 million US dollars (2012/13).

“The expansion project will increase our present garment production capacity by 50 perccent, when the first