Invest Africa

‘How Insurance Can Support Your Investments and Operations in Africa’ https://investafrica.com/



For Export-led Economic Growth of Ethiopia Addis Ababa, 13th - 14th November 2019

For Export-led Economic Growth of Ethiopia Addis Ababa, 13th - 14th November 2019



International Conference SUSTAINABLE INDUSTRIAL AREAS Industrial Transformation Employment Creation Environmental Innovation Addis Ababa, Ethiopia 8 - 10 April 2019


Velocity and Tonello - Sourcing at Magic

Velocity and Tonello join forces to promote sustainable garment finishing at Sourcing at Magic in Las Vegas, February 2019


Texworld Paris

Texworld, Le Bourget, Paris


Sourcing at Magic

Convention Center, Las Vegas


Sourcing and Fashion Week 2017

This partnership does not only have an impact on quality and quantity of exhibitors but also on the

international buyers network. Messe Frankfurt is world´s leading trade show organizer and leading organizer of textile value chain exhibitions. https://www.asfw-online.com/home


Vogue Industrial Park

Vogue Industrial Park (VIP) is a private industrial park, based in Mekele,

Tigray Regional State. The Park has acquired 150 hector of land. Currently, VIP is developing 400.000 square meter of buildup area, dedicated to manufacturers in textile, garments and its accessories. VIP will be unique in its green set up, innovative solutions and service orientation. VIP’s anchor tenant Velocity Apparel Companies PLC is already operational in the industrial park. The Industrial Park expects to complete its developments and open its doors for the public by end 2018. Apart from the government’s utmost effort to achieve the highest sustainable economic growth and employment opportunities in Ethiopia, the private sector is also playing an important role in enhancing investment in the country. Source: EIC Public Relations Directorate


Velocity Apparel Starts Textile Production in Ethiopia

Dubai’s Vogue International Agency is ramping up its presence in Africa, and founder and CEO Siddarth

Sinha has declared the continent the future of manufacturing. “I’m certain of that,” he said at the latest Sourcing at Magic trade show in Las Vegas, where Vogue’s manufacturing arm, Velocity Apparelz, exhibited as part of the African pavilion. “But it will collapse if it grows too fast.” Production recently started at Velocity’s new plant in Mekelle in northern Ethiopia and the facility is slated to officially launch in May to coincide with its first shipment. “Most people don’t want to touch [Mekelle], but we’ve gone in there because we believe that that’s the place that needs it most,” Sinha offered, noting that when he first decided to establish a garment factory in East Africa three years ago, he wanted to be sure he was doing it in a sustainable way. That’s something Vogue has been committed to since its inception in 1988. “We studied the country for one year, sat around in cafes and spoke to people for a full year to find which location would work for us best. And then we actually went and met government officials,” he explained, adding, “I can quite comfortably say that it is the most advanced factory in the entire world.” Velocity, which also has factories in United Arab Emirates and Egypt, specializes in denim and sources material from China, India, Pakistan, Turkey and Italy. The Mekelle plant, located on a campus measuring just under a square mile, will produce jeans and knit garments. The entire factory is fully automated, set up on conveyor systems, powered by wind and lit by LED bulbs, and has its own water treatment facilities on-site. Other sustainable practices include waterless washing, sublimation fabric printing and laser-blast technology. “We’ve developed a campus-based structure and we house all our workers, so we take care of housing and entertainment, everything is there. Everything is done for them and then our plan is that as we grow we’re going to put up schools, hospitals and all of that,” Sinha shared. Velocity hopes to ultimately provide jobs for around 10,000 people in Ethiopia. “Africa is the next manufacturing base of the world,” Sinha reiterated, adding, “We are doing our bit. I think buyers have to do their bit. But we all have to be a little patient because it’s a part of the world that’s been ignored for a long time so it will take a little time to bring it up to speed.”


Ethiopia textile and apparel investments accelerate

Ethiopia textile and apparel investments accelerate By Jozef De Coster Several international

groups are expanding their production capabilities in Ethiopia From fast-growing textile hub Mekele to expansion plans by several international groups to expand their production capabilities in Ethiopia, the scale of current and planned investments in the country appears to be accelerating. Jozef De Coster reports from last week’s 'Origin Africa' event in Addis Ababa. The city of Mekele in the north of Ethiopia is aiming to become the country’s textile capital. Maa Garment & Textile Factory, which has 1,488 workers and is a supplier to companies like H&M, Asos, George at Asda, Calzedonia, Primark and Tesco, plans to increase its knit capacity from 9.6 tons to 20 tons per day and to build a new plant for woven items. DBL Group from Bangladesh, the vertically integrated knit garments manufacturer and exporter with an annual turnover of more than US$250m, is investing some US$100m in a garment, knitting and dyeing factory in Mekele. According to Murtoza Mamum Al-Azim of Atelier Sourcing, a member of DBL Group, the factory will be operational in the second half of 2016. Initial employment is estimated at 5,000-6,000 workers, and the group will make additional investments in the coming two years. Among DBL's customers are H&M, KiK, Lidl, Esprit, Puma, George and Walmart. The Italian hosiery and beachwear producer Calzedonia announced last year it wants to establish a factory with 2,000-3,000 workers in Mekele. But the most ambitious investment project in the city, both in quantitative and qualitative terms, is that of the Indian entrepreneur Siddharth Sinha. His Velocity banner (the manufacturing arm of the Vogue group of companies) will keep its five factories in Egypt, with around 4,000 employees, but plans to expand aggressively in Ethiopia. The Ethiopian operations are due to start in January 2016 with a new garment factory that will employ around 3,000 workers and mainly manufacture knits and denim articles. Velocity plans to ultimately employ some 10,000 people in Ethiopia Sinha believes that investing in the most modern 'green' machinery and production technics and in 'soft skills' will pay off. Employees are educated to understand the value of product quality and the practice of kaizen or continuous improvement. Velocity customers include brands like Levi's, Vanity Fair, Target, Zara and H&M. Also in the North of Ethiopia, Almeda Textile (brand name Altex), located near the airport of Axum, has big expansion plans. The company currently has 5,500 workers, and according to export market chief Tedros Berhe, plans to double its workforce to 11,000 by 2017 and to triple it by 2018.