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Turkish tycoons to visit Ethiopia to target textile and garment sub sector

YarnsandFibers News Bureau 2016-12-06 15:00:00 – Africa

Turkey’s Economic Minister, Nihat Zeybekci, during his visit to Ethiopia is expected to lead a team of Turkish business tycoons. The Economic Minister’s trip to Ethiopia is scheduled for some time in the coming month, according to Ayalew Gobeze, Ethiopia’s Ambassador to Turkey.

The business tycoons are said to visit potential business locations in Ethiopia and also participate in bilateral meetings with Ethiopian government officials and business community.

In the recent years, Turkey’s investment to Ethiopia has been growing. Out of the 6 billion USD Turkish investors spent in Sub-Saharan countries, half of it was in Ethiopia. The investors are mainly targeting textile and garment sub sectors.

The Ambassador added that investors in garments, agro processing and textiles are expected to expand their businesses in the country.

In the last few weeks, two business forms focused on Ethiopia, were held in Turkey. The latest Turkish/African business forum held two weeks ago, Ethiopia was talked about as one of the best investment destinations for Turkish business people and many came forward to give their testimony about the opportunities there.

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