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

TUSKON’s Meral tells Turkish firms in Germany to open to world

Turkish-owned businesses in Germany should exert more effort to branch out into different world markets, a top Turkish union told entrepreneurs in Frankfurt on Thursday.

Renewed attempt to target firm close to Hizmet exposed

A prosecutor’s office in İstanbul is preparing to launch a new investigation into Kaynak Holding, a Turkish company close to the Hizmet movement, in an alleged attempt to reignite earlier claims of irregularities in the company.

Koza gold firm starts up company in UK

The gold company, whose owner Akın İpek is known to have close ties with Islamic scholar Fethullah Gülen’s Hizmet (Service) movement, has been hit by the suspension of several of its mining fields.

Report reveals repercussions of AK Party fight against Gülen movement in Africa

A report released by the prestigious London-based think tank Chatham House has praised the efforts of the faith-based Gülen movement in Sub-Saharan Africa (SSA), saying that it has been a major driving force of Turkey’s engagement in the region; however, it has warned that the Justice and Development Party’s (AK Party) ongoing battle against the movement may hamper further Turkish presence there.

Turkish schools helped start trade with Turkiye

ARİFE KABİL, KENAN MEHMETZADE – İSTANBUL John Dramani Mahama, the President of Ghana, spoke in Istanbul at the Turkiye-Ghana Business and Investment Forum, which was organized by TUSKON- The Confederation of Turkish Industrialists and Entrepreneurs. He said that Turkish schools provided with qualified employees in his country. Mr. Mahama invited Turkish entrepreneurs to do more investment and open more […]

Threats and fear used to intimidate business world

In one of the eastern provinces, members of a business association believed to be close to the Hizmet movement, a CSO, were visited by the managers of another association that the government seeks to promote. They were told that a police operation might be launched against their association and that they would face serious tax audits and commercial problems if they continued their membership in their current association.

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

Gulen: Dervish of our times

Civic engagement, success and the Gülen movement

Turkish associations in US condemn Boston Marathon attack

To embrace the spirit of acceptance and tolerance

Erdoğan’s AKP runs out of steam, then what?

Over 50 thousand Filipino families benefit Eid al-Adha meat aid

Hizmet school ready to pioneer education in Kurdish

Copyright 2026 Hizmet News