DEAD HAND OF ETHIOPIAN GOVERNMENT RESTRICTS TURKISH TEXTILE INVESTMENTS
February 1st, 2016
BUREAUCRATIC red tape in Ethiopia has stymied Turkish firms’ once ambitious plans to set up shop in the country’s low costs textiles sector. “When you involve the government, this bureaucracy starts,” warned Kemal Oznoyan, a coordinator with Turkish textiles company Ayka Textile, whose Ethiopian subsidiary Ayka Addis has operated a USD140 million textile factory at Alemgena, west of the capital Addis Ababa, since. “In countries like this, these things [official permissions] take such a long time,” he told WTiN.com.
In 2013, Ayka, emboldened with its ...
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