Ethiopian and Turkish Business Tycoons Met

Turkish businesses meet their Ethiopian Counterparts
Turkish businesses meet their Ethiopian Counterparts


Date posted: October 27, 2014

ETHIOPIAN

Turkish business delegation met their Ethiopian counterparts at the offices of the Ethiopian Chambers of Commerce and Sectoral Associations on Thursday to surf the business opportunities the two countries offer each other.

Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) Secretary General Gashaw Debebe welcomed the delegation and addressed the potential areas in which the two countries may engage in.

The Turkish business delegation led by CEOs for iNSiAD, TUSKON, MARiFED companies in Turkey discussed various issues with the Ethiopian business communities who have been business partners with Turkish groups. “We see Ethiopia as Africa’s biggest business opportunity,” Ahmet Akiskali, president of INSIAD, said on the occasion. He said that the Turkish business people are yet to be opened for the world as more interest is growing towards Ethiopia.

Gashaw noted that the ECCSA has arranged an international trade fair between Turkey and Ethiopia to take place in Addis Ababa and Istanbul in November. According to the Turkish business delegation, a multibillion-dollar investment is already set up by Turkish companies in Ethiopia. The three companies that signed a memorandum of understanding with ECCSA some six months ago finally resulted in an Ethio-Turkish Business Summit held in Ethiopia in May which highlighted the ever-growing trade and investment links between the two countries as Prime Minster Hailemariam Desalegn hailed it, as a lot of Turkish companies have become promoters of Ethiopia over the last decade.

Most recently, an Ethio-Turkish industrial zone development project being undertaken on the outskirts of Addis Ababa has been suspended by the government due to a potential threat it poses at one of the city’s water treatment plants. The two countries vow to strengthen the promising trade and investment link that has risen more than 400 percent in the last decade while the trade volume jumped from USD 110 million in 2011 to USD 550 million in 2013.

The Reporter Ethiopia

Source: Precise Consult International , October 2, 2014

Tags: | | |


Related News

Businesses link to increase Pakistan-Turkey bilateral trade

The bilateral trade between Pakistan and Turkey can be increased from its present level of $700 million if the interaction between private sectors of both the countries is enhanced, a foreign businessmen

TUSKON says systematic campaign of defamation under way

The Turkish Confederation of Businessmen and Industrialists (TUSKON) has criticized what it calls a “systematic campaign of defamation against the business conglomerate,” stressing that its business activities, which help contribute to the Turkish economy, should be welcomed.

Ghana delegation explores business in Turkey

A fifteen Ghanaian business delegation is in Izmir, Turkey, to participate in an international business summit dubbed, “Turkey-Midwest Africa Trade Bridge.”

Ethiopian schools put Turkey on curriculum

MARY FITZGERALD, Addis Ababa “MERHABA! MERHABA!” – the Turkish greeting echoes through the school corridor as neatly uniformed Ethiopian children welcome a visitor.That morning the children sang the Turkish national anthem along with their own. On the school walls, vocabulary charts to help pupils improve their command of Turkish hang alongside framed verses of Rumi’s […]

Bank Asya says it weathers ‘stress test’, still strong

Turkish media say state-owned companies and institutional depositors loyal to Prime Minister Recep Tayyip Erdoğan have withdrawn TL 4 billion ($1.79 billion), some 20 percent of the bank’s total deposits, over the last month to try to sink the lender. The government has declined to comment. Bank Asya’s chief executive Ahmet Beyaz said the bank’s founders included sympathizers of cleric Fethullah Gülen, who officials say is behind the corruption investigation posing one of the biggest challenges to Erdoğan’s 11-year rule. But he said the bank was not at risk.

Gülen-linked gold firm’s operations halted for second time in two months

Gold firm Koza Altın’s operations at a mine in the Central Anatolian province of Eskişehir have been suspended by the governorship, two months after the halting of another mine belonging to company known to have close ties with Islamic scholar Fethullah Gülen.

Latest News

Fethullah Gulen – man of education, peace and dialogue – passes away

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

In Case You Missed It

Turkish Schools, Model for Education in Romania

The Muslim Way to React

Turkey detainees tortured, raped after failed coup, rights group says

Interfaith Ramadan Iftar Dinner Held in Montville

IFJ representative denied permission to visit journalist Karaca in prison

Society ready for a new constitution, but how about politics?

Feb. 28 postmodern coup and sins of collaborative media

Copyright 2025 Hizmet News