Turkey is happy to make Ethipoia its biggest trade partner in Africa


The Ethiopian Investment Commission (EIC) says Ethiopia has remained the largest investment destination for Turkey in Africa and has so far attracted over 2.5 billion USD of the total six billion USD Turkish foreign direct investment in Africa.

Turkey, which is among the leading investing countries in Ethiopia, keep the momentum of its investment flow and the two countries fast-growing economic partnership has been consolidated over years, EIC Public Relations and Communication Director Mekonnen Hailu tells The Ethiopian Herald.

The Director states that intensive promotion of Ethiopia’s investment opportunities by various stakeholders, coupled with country’s fast-economic growth and stability attract significant number of Turkish companies.

He says: “Over 160 investment projects owned by Turkish companies with an aggregate capital of over 2.5 billon USD have become operational.”