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

Police raid business association in Malatya in new government-backed operation

Police teams entered and searched the premises of the Malatya Active Businessmen’s Association (MAKİAD) on Thursday in a new wave of government-led operations targeting institutions deemed to have an affiliation with the Gülen movement — a faith-based initiative inspired by Turkish Islamic scholar Fethullah Gülen.

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.

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.”

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 […]

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.

Turkic American Convention kicks off with opening gala cruise

İHSAN DENLİ, ALİ H.ASLAN, WASHINGTON D.C. The third annual Turkic American Convention began on Tuesday in Washington, D.C., in an opening gala cruise with the participation of politicians from the US, Turkey and the Turkic republics. Organized by the Turkic American Association (TAA), which represents six regional federations and over 200 community associations, cultural centers, […]

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

Can the West believe in Islamic progress?

Abant Platform takes on sustainable growth, separation of powers

GYV: Hard-won democratic gains sacrificed for short-term interests

Fethullah Gulen: Violence can not be a remedy for violence

New book looks closer into Hizmet Movement with questions, answers

Fethullah Gulen’s response to ‘coup’ accusations

America’s Public Radio International maps out Turkish gov’t persecution of Gülen movement

Copyright 2026 Hizmet News