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

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Turkish media say state-owned companies and institutional depositors loyal to Prime Minister Recep Tayyip Erdoğan have withdrawn TL 4 billion ($1.79 billion), some 20 percent of the bank’s total deposits, over the last month to try to sink the lender.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.

Serbia seeks agriculture investments from Turkey

GAMZE GÜL, İSTANBUL Serbian Deputy Prime Minister Rasim Ljajic visited TUSKON and attended the “Turkiye Serbia Trade and Investment Forum”. He said in his speech, “Businessmen from both Turkiye and Serbia have initiated talks on increasing economic relations between the two countries many times but that companies need to achieve results to bring business ties […]

Closing down Turkish schools impossible as demand on rise, says TUSKON head

Though the ruling Justice and Development (AK Party) government is planning to shut down Turkish schools abroad that are affiliated with the Gülen movement, the head of the Turkish Confederation of Businessmen and Industrialists (TUSKON) has said that the demand overseas for such Turkish schools is making them impossible to close.

Upholding of Yıldırım’s conviction; another case of ‘significant timing’

Nowadays, Erdoğan is leading a defamation campaign to black out the truth and to distort the facts through the discourses of ‘parallel state,’ ‘there is no corruption; but a coup’ and ‘international conspiracy’.” Çandar then quoted Yıldırım responding to a question asking if he thinks that the Hizmet movement is behind the case against Fenerbahçe, in an interview he recently gave to the Wall Street Journal (WSJ), saying: “This is not what I think. This is what the prime minister of the Turkish Republic thinks.”

Turkish schools building peace in Africa

The Young Kastamonu Businessmen Association members visited Mehmet Akif High School, one of the eleven Turkish schools in Morocco and had meetings with the members of the Turkish-Moroccan Businessmen Association. The KIAD (Kastamonu Businessmen Association) organized a business trip to Morocco and were greeted at Casablanca Airport with roses by the Moroccan businessmen. The Young […]

‘TUSKON is a reliable and long-time friend of ours’

Speaking at the Turkey-Russia Trade and Investment Forum in İstanbul on Thursday, Katyrin said the two countries have a common goal of raising bilateral trade to $100 billion from its current level of $33 billion and that TUSKON has undertaken a key role in attaining this target.

Latest News

Turkish inmate jailed over alleged Gülen links dies of heart attack in prison

Message of Condemnation and Condolences for Mass Shooting at Bondi Beach, Sydney

Media executive Hidayet Karaca marks 11th year in prison over alleged links to Gülen movement

ECtHR faults Turkey for convictions of 2,420 applicants over Gülen links in follow-up to 2023 judgment

New Book Exposes Erdoğan’s “Civil Death Project” Targeting the Hizmet Movement

European Human Rights Treaty Faces Legal And Political Tests

ECtHR rejects Turkey’s appeal, clearing path for retrials in Gülen-linked cases

Erdoğan’s Civil Death Project’ : The ‘politicide’ spanning more than a decade

Fethullah Gülen’s Vision and the Purpose of Hizmet

In Case You Missed It

First International Science Projects Olympiads of Indonesia organized by the Turkish schools

Fethullah Gülen: “Disbelief may prevail, but tyranny will not” (Interview in Asharq Al-Awsat-II)

Arab Students in Turkey Facing Arbitrary Arrest

Ishik University To Educate Students About the Threats of [the so-called] Islamic State

Nigerien Minister of Education at Kimse Yok Mu

Kosovo’s Parliament supports commission to probe deportation of six Turks

INTERPOL and U.S. reject baseless charges against US-based Turkish Islamic scholar Fethullah Gülen

Copyright 2026 Hizmet News