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Move To Africa; H&M To Set Up Production In Ethiopia Due To Cheaper Labour

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Swedish clothing retailer H&M wants to set up shop in Ethiopia, since production costs there are cheaper than in the Far East. Other clothing manufacturers are hesitating. Could Ethiopia become the next Bangladesh? Ethiopia’s economy just keeps growing – since 2007 at times with double-digit leaps and bounds. “The Economist” projects that the country will Read More

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