Ethiopia: emerging on the sourcing skyline
Move over Bangladesh, make way for Ethiopia. Following the latest buzz around Ethiopia as an emerging textile and apparel sourcing country, one may indeed think that Ethiopia is headed the Bangladesh way. FashionUnited has taken a closer look at the countryâ€™s parameters.
Like Bangladesh, Ethiopia has a high population and is with 93.8 million people the second most populous African nation after Nigeria. Similar is also that both countries have a young population with over 40 percent aged 15 and younger in Ethiopia and 34 percent in Bangladesh. More than 50 percent of the population thus fall into the 15-64 age bracket in Ethiopia and more than 60 percent in Bangladesh. Low wages are also common, with Ethiopia hovering around 25 US dollars a month.
Read more at: FashionUnited