ITACA, an Italian fashion company launched a USD 15 million textile factory at Ashegoda, Tigray Regional State yesterday on October 18, 2019. The company’s CEO Federico Fraboni the factory had already began exporting clothes to Europe.
According to Haftom Fantahunegn, Investment Director at Tigray Trade, Industry and Urban Development Bureau, 1000 citizens are currently employed in the factory. He added that two additional textile factories would commence production soon.
Source: Ethiopian News Agency