Huajian Group, a Chinese footwear company, revealed its plans to expand its investment in Ethiopia and establish the country as a major manufacturing hub in Eastern Africa. Huajian Group began investing in Ethiopia in 2011 and has since created 12,000 jobs. According to HuaRong Zhang who is the Founder and Chairman of Huajian Group, the company had had a total investment of USD 150 million and generated USD 200 million in revenue before the COVID-19 Pandemic. Before the COVID-19 pandemic and the termination of the African Growth and Opportunity Act (AGOA), Huajian Group made 100% export sales. Huajian Group is currently constructing the Huajian International Light Industry City near Addis Ababa, which is expected to produce footwear and apparel in large volumes over the next five years.

Source: Ethiopian News May 22, 2023 11:24 UTC