A Turkish business delegation comprising of a hundred businesses is scheduled to meet and discuss with Prime Minister Hailemariam Dessalegn on possible areas of investment, The Reporter learnt.
According to the information The Reporter obtained from the Ethiopian Chamber of Commerce and Sectorial Associations (ECCSA,) the business delegation comprises industrialists looking to take part in apparel and clothes, construction and real estate, furniture and furnishings, minerals and metallurgy, packaging and paper, textile and leather products, agriculture, and the food and beverages sectors. However, the points of discussion with the PM have not yet been verified.
In related news, some French Small and Medium Enterprises (SMEs) have been in the capital since Monday to meet and cement deals with their Ethiopian counterparts. Marc Schneider, head of the business delegation told The Reporter that businesses from Lyon are keen to create business ties. He said that he wants to bring in more interested investors. Among the visiting companies, Orapi Group is one that manufactures and distributes hygienic and sanitary products for various purposes. Guy Chifflot, president and director general of Orapi said that the 30-year-old group company is well established in supplying products that serve aircrafts and metro railways.
The terms of trade between France and Ethiopia were valued at USD 250 million in 2012. Dominique Mauppin, head of economic services at the French embassy in the capital said that both sides have inked a USD three billion euros business contract to work with. Mauppin said that the ever-growing dominance of Chinese, Turkish and Italians presence here is a lot more compared to the existing French firms in the capital. The most renowned French businesses functioning here are Total, BGI, and recently Castel Winery came into the picture. French businesses are known to for issuing identity cards and passports. According to Mauppin, a contract has been cemented to issue some six million IDs worth 30 to 40 million euros.
Source The Reporter
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