By Chris WilliamsEthiopia, Ethiopia’s biggest economy, is making furniture by hand and often with a resin that is recycled.
The country’s state-owned furniture maker, Necti, says that since it began exporting furniture to Europe in 2015, the firm has made a net profit of £8.7m from the sale of the resin and its associated machinery and products.
But the firm’s CEO, Filippo Marchetti, told TechRadaru that the firm was now in “serious” debt.
“We can’t repay this debt with our own money, and so we need foreign lenders to help us to do so,” he said.
Necti’s business is not entirely profitable but Marchetti said the company had recently secured new loans to meet its debts.
“As we go to our next financial year, we will make further investments,” he added.
The use of resin is not new in Ethiopia.
In the 1980s, Ethiopia exported furniture and other materials by hand to the United States.
The country is also a supplier to other countries.
But while many African countries export their furniture and materials by direct importation, the government in Ethiopia has largely taken the opposite approach, making them domestically.
In fact, it has the highest percentage of foreign direct investment in the world.
Ethiopian furniture has become an essential part of the country’s economy.
In 2018, it was the world’s second-largest furniture exporter, behind only China, and the country has grown at a phenomenal rate.
In addition to its furniture business, Nectar has been importing wood products for more than 50 years.
In 2020, Nnecti’s chairman and CEO, Marchetta, said the firm would start exporting its machinery, as well as a range of other products, to Europe and the US in 2019.
“The market is huge,” he told Techradaru.
“We are not in the luxury of buying machinery from the USA, but the market is much bigger.”
It’s the second-biggest market after the USA,” he explained.”
Our customers are Europe, the USA and Australia.
“Ethiopias biggest export market, China, has been exporting furniture and its products for nearly 60 years, but its exports to Europe have been restricted to certain categories of products.
China has had a strict export ban on imported wood and furniture since 2000.
In 2017, China’s exports to Ethiopia were restricted to a limited number of products, but in 2018 the country announced that it would begin selling wood and its related products by direct imported from Ethiopia.
Ethias exports to China have increased steadily over the last decade, rising from £10.3m in 2011 to £17.6m in 2020.
But it’s the use of wood products by Nectar that is raising eyebrows.
In 2014, Nuthi, a small furniture maker based in Nairobi, began exporting its products to China by importing wood from Ethiopia, and exporting it through its own warehouse in Nuku’alofa, Ethiopia.
But Nutha said it had recently received a letter from a Chinese government agency telling Nuthitis export permit to China had been revoked because of the company’s use of imported wood.”
The company also had to stop working with Nuthita.””
They said that the government had taken measures to stop the use by our clients of wood.”
The company also had to stop working with Nuthita.
“Because of our cooperation with Nithi, they did not want us to continue to import wood products,” he pointed out.
Ethiland is one of the poorest countries in the region.
It has the world number two ranking for infant mortality and for the proportion of children living in under-five years.
It is also the only country in the Middle East, and one of only two in Africa to be in the bottom half of global infant mortality rankings.
But according to a 2016 report by the United Nations Development Programme, the country ranked just 21st in terms of the number of people living below the poverty line.
“I can’t give you the exact numbers, but we are certainly in the lowest-income groups,” Nothi said.
“But we do have the highest life expectancy and the highest rates of survival in Africa.”
Ethia is also one of few African countries that does not have a government-run health service.
Its healthcare system is plagued by budget cuts, and its healthcare workers are not paid for the work they do.
In February 2018, the health minister of the southern African country, Boubacar Keita, said that he expected Nuthits health workers to earn less than $400 a month, and that some of the workers had not received pay increases in more than a decade.
The health minister’s comments were condemned by Nuthats health workers.
“These are our employees, and we are proud of them, and I would like to know why they