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

Turkish Gov’t Seizes 965 Gülen Movement Affiliated Firms With $11.3 Billion Worth

Turkish Deputy PM Nurettin Canikli said on Friday that the Turkish government has seized 965 companies which were affiliated to the Gülen movement. The value of assets belonging to companies seized by the Turkish state during the ongoing state of emergency is also announced as nearly 41 billion Turkish Liras, around $11.3 billion.

Bank Asya fights back against Erdogan attack

The government’s 10-month attack on Bank Asya has seen its share price slump by 50%, with the stock periodically prevented from trading on the Borsa, Istanbul’s stock exchange. The turmoil surrounding the bank has seen the failure of an agreed deal with the Qatar Islamic Bank, and an unwanted government-led attempt by state-owned deposit bank Ziraat, which recently created an Islamic unit, to absorb the privately owned Bank Asya.

Main opposition brings plans to sink Bank Asya to Parliament

The main opposition Republican People’s Party (CHP) has brought onto Parliament’s agenda claims that some state companies and institutions withdrew massive amounts of money from participation bank Bank Asya in order to push it into insolvency by choking its liquidity conditions.

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.”

Ethiopian Minister of Foreign Affairs holds talks with TUSKON delegation

Foreign Affairs Minister Dr. Tedros Adhanom held talks Thursday with the representatives of TUSKON, the Turkish Confederation of Businessmen and Industrialists. Dr. Tedros told the delegation that the Government of Ethiopia deeply valued the relationship between Ethiopia and Turkey.

Ethiopian president hails contribution of Turkish schools to education

Ethiopian President Mulatu Teshome said Turkish schools in Ethiopia are considered to be a major contributing factor to the education sector in the country. “There are Turkish schools [along] with the growing number of international and Ethiopian students in the country. As far as providing quality education, it is helping in the development of education, and we don’t have any problems with the schools,” he added.

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

Turkish charity Kimse Yok Mu helps the homeless after floods in Zimbabwe

Gulen-inspired NGO opens health and education complex in Uganda

2017 model bigotry: Defamation of Jews and Gulen movement in Turkey

Journalists seek asylum in Canada amid Turkish crackdown

Hizmet’s Relations with Other Muslim Communities in the United States

A Canadian-Saudi’s reflections on Hizmet

65-year-old grandmother looking after twin babies as mother, father in jail for 5 months

Copyright 2026 Hizmet News