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Following favourable macro and microeconomic factors, Ethiopia’s textile and garment industry had been steadily growing, reaching $171m in exports, but it has taken a major hit from the onset of the pandemic followed by the Tigray civil war in the north. Will it be able to weave its way back to its former glory?
Exports dropped to $140m (2020/21 FY) in the first year of the pandemic alongside the start of fighting in the Tigray region in 2020. However, the biggest blow came from US-imposed sanctions in January 2022.
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