Initially a joint venture between Turkish investors and the State, Saygin now faces auction and a court charge after full acquisition by the investor
The Commercial Bank of Ethiopia (CBE) is to auction Saygin Dima Textile S.C. after the company failed to honour its loan obligations. News of the auction comes as the company is already struggling to pay 625 million Br it owes to the Ministry of Public Enterprises.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article