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

US Congress members reaffirm unbreakable bonds with Turks

Dozens of members of the United States Congress have reaffirmed strong ties and growing friendship between Turks and Americans in an annual grand convention that also brought together businessmen and public figures. Organized by the Turkic American Alliance (TAA) and the Turkish Confederation of Businessmen and Industrialists (TUSKON), which represents six regional federations and over […]

Hizmet movement discussed in heart of African Union

30 May 2012 / KAMİL ERGİN , ADDIS ABABA An international symposium on the Hizmet movement (aka Gulen movement), which includes followers of Islamic scholar Fethullah Gülen’s principles, and the concept of dialogue, held in Ethiopia last week, brought together a large number of academics and top state officials from close to 40 countries to […]

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 […]

Turkey’s purges are hitting its business class

It is not clear when the government will begin auctioning off seized firms. The risk is that the economy may gradually come to resemble Russia’s, where political loyalty is the price for keeping a slice of the pie. “It is like watching a piece of snow roll down a mountain,” says a veteran civil servant ousted in one of the purges. “You think it won’t hit you, until you realise it’s becoming an avalanche.”

Turkish investors To Inject Capital Into Ghana’s Economy

The President of the Ghana-Turkey Cooperation and Development Association (TUDEC), Mr Yusuf Temizkan, has disclosed that a prospective investors from Turkey would be arriving in Ghana within the year to inject their capital into the country’s economy. “More Turkish investors have expressed their interest in investing in education, the real estate, construction and manufacturing sectors […]

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.”

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

MEP: International investigation into Turkey’s rule of law needed

GYV head dismisses ‘parallel state’ allegations against Hizmet

Australian Relief Organisation feed thousand in Philippines and Sri Lanka in Qurban

Int’l language and culture festival ends with spectacular ceremony in Germany

Islamists lost test with power, Arab and Turkish intellectuals agree

Educational unions lash out against gov’t-backed school raids

Turks in South Africa tell a different narrative about Erdogan

Copyright 2026 Hizmet News