Jiangsu Lianfa Textile Limited announced that it has finalized pre- investment assessments to build a huge textile factory in Addis Ababa. As the company Board Chairperson, Mr. Kong Xiangjun made clear, talking to President Dr. Mulatu Teshome at the National Palace, Jiangsu Lianfa allocated USD 500 million for this investment. The company had decided to invest in Ethiopia after making similar pre-investment assessments in Kenya, Uganda, and Tanzania.