Tag Archives: almeda

Robbing Ethiopians to enrich TPLF oligarchs: EFFORT’s Almeda completes 86m Br expansion

14 Mar

Posted by The Ethiopia Observatory (TEO)

    Acquisition of state-of-the-art equipment signals completion of Phase One, in a three-phased expansion project

Almeda Textile Factory has finalized its 86 million Br expansion that took place over the past six months in a bid to increase its fabric production capacity by 100pc.
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TPLF’s Almeda, H&M Ethiopia supplier, to boost revenue thru factory upgrades & training

25 Jun

Posted by The Ethiopia Observatory (TEO)
by William Davison, Bloomberg

Ethiopia’s Almeda Textiles, which sells clothes to Swedish fashion chain Hennes & Mauritz AB, plans to increase revenue by 50 percent to $30 million a year by 2018 by upgrading factory equipment and training staff.
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