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Ethiopia: Turkish Investors Target More Sectors

Ethiopia: Turkish Investors Target More Sectors

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Turkey Ambassador to Ethiopia Fatih Ulsoy said yesterday that Turkish businessmen who already engaged in various investments here are keen on redoubling their efforts.

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Opening Ethio-Turkish business-to-business meeting, Ambassador Ulsoy said traditionally Turkish businessmen are well known for involving themselves in textile and garment sub-sectors.

He said the investors want to diversify their investments in sectors like construction machinery, agro-processing ,software development, energy, electrical devices, among others.

The current trade relation between the two countries stands at 440 million USD creating 30, 000 jobs for Ethiopians. However, as compared to the potential, the trade volume is not to the level it should be.

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