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 Businesses Snagged In Government’s Post-Coup Crackdown

Most of the companies taken over by the government also deny any role or connection to Gulen. But they’ve had their assets seized and employees fired. The economist Yesilada predicts the government will have to sell off these businesses. That’s likely to trigger lawsuits that could last years.

TUSKON-led trade volume reaches $30 billion

The trade bridges created at these meetings have led TUSKON to generate a trade volume of $30 billion so far. Unlike some similar initiatives, TUSKON doesn’t neglect small and medium-sized enterprises. TUSKON’s first priority at trade bridge events is to encourage local entrepreneurs to open up to the world. This choice is a strategic move to diversity markets. In parallel with Turkey’s foreign trade policies, TUSKON has created bridges with a number of trade blocs in Africa, Latin America and Europe and the Eurasia and Pacific regions.

President Zuma sends message to the South African – Turkish Business Association Business Awards

President Jacob Zuma has urged the Turkish business people to partner with the Chambers of Commerce in South Africa to help develop small businesses, transfer skills and create black industrialists.

Businessmen voice frustration over smear campaign against Hizmet

The Akşehir Industrialists and Businessmen’s Association (AKSİAD) has condemned an ongoing defamation campaign being conducted against the Hizmet movement inspired by Turkish Islamic scholar Fethullah Gülen, calling on government officials to refrain from the hate speech and polarizing rhetoric that are damaging the society.

Bank Asya says raising capital, set for growth

“Bank Asya expects to raise its total capital by TL 300 million to TL 1.2 billion. … We sold an 18 percent stake in the retail chain A101 as part of this plan,” the bank said. Bank Asya said its capital adequacy ratio is 14.8 percent — well above the conventionally accepted minimum level of 12 percent — and that it expects to enjoy further growth in 2014. The bank said it expects the capital adequacy ratio to reach 17 percent, making it one of the five strongest (in capital) banks in Turkey. Previously, the bank held 21.84 percent of the shares in A101.

Damage assessment report for Erdoğan

The wounds Prime Minister Recep Tayyip Erdoğan is suffering as a result of a war waged against the Gülen movement in connection with the corruption and bribery probe are becoming clear. Whether or not Erdoğan has become more authoritarian is now less debatable; it is a concrete fact rather than a perception.

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

Well-known sociologist says Gülen’s name on terrorist list ’alarming’

Pro-gov’t media continues smear campaign against Hizmet movement

Canadian Journal Interviews Erdogan’s Victims in Greece: Fleeing oppression in Turkey

Terrorist Bahoz Erdal calls on families to protect their children from the Gulen Movement!

UN demands access to 3 Turks forcibly returned from Malaysia

Actually, the president is electing his republic

Turkey’s Purge Could Cause a Massive Brain Drain

Copyright 2026 Hizmet News