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Ethiopian units benefit from Italian knowhow

Italy will help small, medium and large scale textile enterprises of Ethiopia. Italy will support Ethiopia’s efforts in realizing goals related to the textile industry through various initiatives. The assistance will help to improve capability through training and technology.

Bilateral relations between the two countries will also be backed by economic cooperation to further strengthen existing ties.

Ethiopia has given high priority to the development of the textile industry. The country is one of the fastest growing economies and stable countries in Africa. It is one of the ten fastest growing economies in the world with inclusive development which has resulted in a lower Gini co-efficient ratio. Ethiopia offers political and institutional stability, which are precious assets for investors.

Ethio-Italy relations are not only historic, long standing and cordial but also have been gradually expanding, covering economic cooperation, regional peace and security and global issues of common interests.

Ethiopia is a nation with a very high growth rate and potential, with a population of 90 million, a low average age, and good access to lucrative markets. It has a focus on the manufacturing sector, modernization of agriculture and expanding infrastructure while simultaneously aiming to reach zero-net carbon emissions and also becoming the energy hub of East Africa.