By  on January 14, 2010

TUNIS, Tunisia — Africa may be an alternative for textiles and apparel manufacturers that are paying higher labor costs in China and other newly industrialized nations, a top African banker said.

Donald Kaberuka, president of the 53-nation African Development Bank, which seeks to promote economic and social development on the continent, said at the bank’s Eminent Speakers Program here that the higher wages have already caused some Chinese industries to relocate to Southeast Asian nations such as Cambodia and Laos.

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