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Based in northern Ethiopia, Kebire Enteprises is a rapidly growing conglomerate, with activities spanning across textiles, shoe making, leather tanning, cotton production and even tourism. The company’s ambition is to become Africa’s leading textile manufacturer by 2017, reaching US$20m in exports, up from US$6m in 2013. The Economist Intelligence Unit spoke to Kebire’s chief executive officer, Fassil Tadesse, to find out how the textile industry in Ethiopia has developed and what its future holds.
New global report shows the vital importance of Medium-Size Companies to developed and emerging economies
China’s integration into the global markets will soon happen. According to speakers at the HSBC Forum, RMB, Reform and China’s Global Future, this will be driven by financial reforms, greater usage of the RMB abroad, and increased interconnectivity through the Internet and high-demand, high-value industries.
Strategies for entering a new market
Growth in exports will rise to 8 per cent per year by 2017, according to HSBC’s latest Trade Forecast