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The Development Bank of Ethiopia (DBE) said that it was evaluating a 2.1 billion birr financing request from SAYGIM - BM Capital Technology Group, a Turkish company which is planning to manufacture fibre optics.

SAYGIM - BM Capital Technology Group is planning to relocate machinery from Turkey to a plot it has acquired in Sebeta, 35km west of Addis Ababa.

Besides fibre optics, the company is planning to manufacture cables for household use and electric transmission lines according to the business proposal it submitted to the bank.

Bedisa Group, a Turkish giant established half a century ago, is negotiating to acquire 75 percent of a sugar project in Ethiopia at an outlay of a little over 1 billion USD. The sugar project is Beles Sugar Project, which is found in Amhara State.

Kumtek Industrial PLC, a Turkish company, announced it is going to build a factory in Ethiopia to manufacture household goods and electronics items.

The Turkish based company, Ahmet Aydeniz Construction Company, showed its intent to invest in Ethiopia.

Addis Ababa May 7/2015 Turkish companies engaged in electric and electronics eye the Ethiopian market, said Fatih Ebiclioglu Chairman of the Electric, Electronic Exporters Association.