Gayton McKenzie accused of not understanding fashion industry after his meeting with Shein
Fashion designer David Tlale said he doesn’t think Gayton McKenzie understands the complexities of the clothing and textile industry.
The investment is part of Nigerian billionaire Aliko Dangote’s efforts to end Africa’s fertilizer imports.
To be located in Gode town in Ethiopia's southeast, the plant will produce 3 million metric tons of fertilizer a year, Abiy said.
The agreement was signed by state-owned Ethiopian Investment Holdings (EIH) and Dangote Group.
Ethiopia will have a 40% stake in the venture while Dangote Group will own 60%, EIH Chief Executive Brook Taye said at the signing ceremony in Addis Ababa.
An EIH statement on X quoted billionaire Dangote as saying that the investment represented a “shared vision to industrialize Africa and achieve food security across the continent.”
(Reporting by Dawit Endeshaw; Writing by Elias Biryabarema; Editing by David Goodman)
