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

Turkey blacklists 68 companies including Germany’s Daimler, BASF over Gülen links

Turkey has named 68 companies as supporters of the Gülen movement, in a list sent to Germany’s federal police, according to Die Zeit weekly. The list included a Turkish fast food restaurant and a late-night food store, Die Zeit said.

Turkey introduces new decree law to seize all Gulen-related companies

Thanks to a new decree law released as part of the state of emergency declared late on July 20 following a failed coup, Turkey’s government is now set to seize all the Turkish companies owned by businessmen somehow linked to the US-based Islamic Scholar Fethullah Gülen.

Turkish, Russian businessmen convene at forum

More than 100 Turkish and Russian entrepreneurs attended the event, which was supported by the Russian state bank Sberbank. Among those in attendance were Tula Regional Governor Vladimir Gruzdev, Russia-Turkey Businessmen’s Association (RUTİD) President Esat Sarı and Turkish Confederation of Businessmen and Industrialists’ (TUSKON) Russia envoy Ali Tırnav.

African firms signal increased trade at TUSKON meeting

A total of 127 companies from 11 different countries in East Africa are participating in the Gaziantep summit, which started on Feb. 9 and will run until Feb. 12. The Turkish and African businesspeople held roughly 5,000 bilateral business meetings. TUSKON has intensified efforts to help more Turkish firms branch out into promising African markets over the past five years.

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.”

Latin American firms seek Turkey investments at TUSKON meet

A total of 80 businesspeople from 10 Latin American countries met in Turkey’s Kayseri province on Tuesday to discuss investment and trade opportunities with local counterparts in a new “trade bridge” event held by the Turkish Confederation of Businessmen and Industrialists (TUSKON).

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

Lambsdorff: Turkish press intimidated, under pressure

Fethullah Gulen – man of education, peace and dialogue – passes away

Jailed woman in hospital for delivery to be returned to jail with new-born

Draft law on state secrets prompts concerns in Turkey amid profiling leaks

Pro-gov’t daily sets up hotline for informing on Gülen followers in EU

Fethullah Gülen’s legal journey

Escape from Turkey’s parallel reality

Copyright 2026 Hizmet News