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50 Turkish Textile Companies to relocate to Ethiopia
Source: Government of Ethiopia
Following the proposal of Ayka Addis, the Turkish garment firm, to establish a Industrial Zone and bring a total of 50 Turkish textile companies to Ethiopia, the government is currently allocating land for the zone.
The construction, to be overseen by Ayka Addis, will involve several five-storey buildings will be rent out or sold to the new comers. Construction will be carried out in three phases. Ato Tadesse Haile, State Minister of Trade, says one plot has already been allocated. He described the plans as "a big plus for the industry and will significantly contribute to the government's plan to double the export revenue in the coming budget year".
The general manager of Ayka Addis, Mr. Turkoglu, said that the company had been a Turkish and an international garment firm for more than 25 years and it was in close contact with all the major garment manufacturers in Turkey. He said it had been in discussions with them for most of the last two years and "most are willing to relocate at the earliest possible moment."
The relocation of the companies is expected to allow for the creation of two billion dollars in export revenue per annum and create more than 60,000 job opportunities. Ayka inaugurated its factory at a cost of $140 million at Alemgena, 20km west of Addis Ababa, in 2010, creating jobs for more than 10,000 people. It has the capacity to export textile products worth $100 million a year per annum.
The Ethiopian Textile Industry Development Institute says other textile companies are preparing to go into production, including MNS Textile Company, which has built a factory in Legetafo, 15km northeast of Addis Ababa with a one billion birr investment. S.V.P is another textile company engaged in building a factory in Ethiopia.
when any company relocates its business somewhere , it has a full confidence on the host country and its people. under the brilliant leadership of the mighty epdrf ,our country has witnessed this fact time and time again. under the pervious useless governments, capital and man power was runing out of the country, but now it is flowing back to the country in amazing speed.the countless diaspora going back home for a visit or investment is an example of this very fact. another headache to the head less vocal diaspra. god place EPDRF and its leader the late pm meles zenawi
We are going to be Africa’s Bangladesh. Textile factories are notorious labor abusers, exploit child labor, and use several cancerous chemicals without disclosing it to their employees.
Tamagne and company can come and spin I guess…..that they can surely do..
Nazret please provide the link to the source of this information like you usually do for others.
Which government agency published this? I take any official government statement with a grain of salt.
Let us read from the source and decide for ourselves if this is real or Memorex.
[Please see here]
Ye Agazew Temtamew ,what about the billions of dollars looted by your bandit masters and flown to Tax Heaven Countries and Foreign Banks
accounts .Don’t you know that Turkish Investement is afterall for the benefits of Turky by exploiting Local Manpowers and corrupting the Agazi Bandits .In an amazing speed ,former DC area parking lots and Taxi drivers ,of Tigrai Origin and close to the Agazi Bandits .With their bandit masters and relatives Corruption Networks and illegal Business are today owning everything in Addis .While the Fool Diaspora guy,blinded by their baseless propagandas ,who did try to make an investment legally ,was obliged to leave the country ,spoiled from his goods and moneys by the same bandits and the Tigre Mafiosis .Here are then your so called Great Leader’s Legacy based on Lies and Lootings .KEEP ON DREAMING MORON BUTCHELLA BANDA !!!!
TEDDY,,,,Agazi ketihen bedtotal meselegn…ye JIL neger yeyazewun ayilekim.
We need this kind of investment for the economy to grow more but it’s a big but, the government has to make sure workers rights must be protected like wages, safety, child labor and etc..
If I ever had seen any exagerated out right ,sky-high lie like this before, I would have died of laughing!!!
Come on Nazret, have common sense for goodness sake, 50, that is 5 and zero !!!
Turkey doesn’t even have that many textile manufacturing entities.
If that is the case the world’s cloth are manufactured in Turkey.
guys please April fool had passed 3 months ago.
BTW there is lie and there is lie.
500,000 people, mostly Oromo’s to be displaced and become homeless and landless. Few individuals may get rich in the process.
What an ignorant comment! What happened in Bangladesh happened because the Government either didn’t have enough safety laws or didn’t enforce them. Typical negativity. I will bet my life that you are not a happy person. I bet you are MIKEGNA.
This is great news for employment, exports and, most importantly, bilateral relations with a muslim country that is increasingly strong in world affairs.
God bless all Ethiopians & MIKEGNOCH
Anbettaw Amice ,before opening your stinky mouth ,better you go back to school and learn how to communicate with others in a CIVILISED manner .Your Looter masters ,with their culture of BANDITS have taught limited childish Vocabularies which you are certainly used to communicate even with your own parents .Of course for a Village Idiot ,a cave man or a Goat herder like you and all your Thuggy bros ,being enslaved by Turkish is like majoring
from University or a HIGH TECH Institut ….LOL !!!!TCHINKILATEBIS ,AWEDELDAI BOZENE BANDA !!!!!!!! So Adgi unable to challenge patriots ,you have nothing
to add than using childish insanity words…LOL !!!
Adgi Banda ,the real version is “Mognena Woreket Yeyazewun Ayelekem” ,so what you are days and nights stack to this website ,repeating each time ,like an erased disk or a broken Tape recorder your usual fairytales and
childis propagandas ….LOL !!!
After googling I have found 51 textile manufactureres. Does that mean all of turkeys manufacturing industry will have milling plants built in Ethiopia?
It is far from reality
The Looting TPLF Shiftas are again at their hot-air-blowing propaganda campaign
Folks, what do you expect? Especially this is coming from ETV & Radio - Masters of lie and deception.
You must be ignorant enough not to understand the very serious Health consequences to human beings and even environmental disaster due to the direct release of harmfull Chemicals and wastes from garment and leather industries. You are claiming that the Ethiopian government is very concerned and carfull and better than the Bangladishi government by putting in place right laws and appropriate rules and regulations. If you think so, you must be very foolish and innocent. They do not care and even they do not know the serious effects of such industries. In 80’s and early 90’s most wastern countries started to relocate factories that needed to use a lot of chemicals for garment production to other developing countries (Asians specially) after realizing the dreadful outcomes to Health and terrible environmental impacts in their own countries. I think the same is true in the Turkish case. Now they are getting better in terms of economy and they would rather invest on other investments which are less harmfull than these atrocious and poisonous ones. The so called officials, do not care about and even not understand the bad consequences as long as the export from it could generate some income and get a portion of it into their own pockets!! Wake-up man! do not brag about whenever there is a Construction/investment is undergone, without seeing/analysing the consequences!!
Please read very carefully what I said. Did I say anything about the Ethiopian Govt? Not even one sentence! I am so glad you are not a journalist. By the way, if you are a gentleman, apologize.
GOD BLESS WHO LACK READING COMPREHENSION
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