Tuesday, March 29, 2016

Ethiopia Turkey’s top investment destination in Africa

(Mar 29, 2016,  (ADDIS ABABA))--The Turkish ambassador to Ethiopia had disclosed that Ethiopia remains the biggest recipient of Turkish direct investment in Africa.

The newly-appointed Turkish envoy, Fatih Ulusoy, said the horn of Africa’s nation had so far attracted $2.5 billon of the total $6 billon Turkish direct foreign investments in Africa.

Ethiopia and Turkey also have strong commercial relationship with their trade volume seeing substantial growth every year. According to the diplomat, Ethiopia is currently Turkey’s fourth largest trade partner among African countries.

Last year, the two countries reached an agreement to boost their annual trade volume to half a billion USD after Ethiopia’s Prime Minister Haile Mariam Desalegn and Turkey’s President Recep Tayyip Erdogan discussed bilateral as well as multilateral issues in Addis Ababa.

Both countries also signed a cooperation protocol in the areas of science and technology. “Flag carries of the two countries, Ethiopian Airlines and Turkish Airways, fly daily to Istanbul and Addis Ababa thus facilitating their trade relations,” Ulusoy told reporters. Read more from Gulf Today »

No comments:

Post a Comment