Vestel’s Technology Will Reach The Whole AFRICA

The Türkiye-Africa Economy and Business Forum (TABEF) is of utmost importance in terms of understanding the significance of the African market and introducing it to the relevant sector and stakeholders for potential opportunities.

TABEF brings together the representatives of the business world of our country through the priority projects of Africa, laying the foundation for the formation of new collaborations. We are glad that TABEF, organized at the most effective level possible, has achieved a sustainable structure, under the auspices of President Recep Tayyip Erdoğan, in partnership with the African Union, and hosted by the Ministry of Trade of the Republic of Türkiye and the Foreign Economic Relations Board (DEİK).

This organization also contributes to the social development of the continent through training seminars for African young entrepreneurs and female entrepreneurs, visits to industrial zones and production facilities, and great networking opportunities.

80 PERCENT OF THE REVENUE COMES FROM EXPORTS

Vestel is a global technology company as well as being a white goods and television manufacturer. Consisting of 24 companies, 15 of which are abroad, our group carries out works in automotive electronics, battery technologies, artificial intelligence technologies, 5G infrastructure, health technologies, in addition to our main field of activity, white goods and consumer electronics. We manufacture the technology that we deliver to 157 countries around the world with about 20 thousand employees in Vestel City, located in Manisa, on an area of 1.3 million square meters. We have been the export champion of our sector for the last 23 years. We are a company that generates 80 percent of its revenues from exports.

44 PERCENT OF GROWTH IN EXPORTS TO AFRICA

As Vestel, our presence in the African continent is growing every year. We deliver Vestel products to 41 African countries.

In 2021, our exports to African countries increased by 44 percent compared to the previous year. We aim to deliver Vestel’s technology that benefits people, nature, and the world to everyone living on the continent. On the other hand, developing our sales network that will contribute to the commercial life of the region is among our goals.

AFRICA IS THE FOCUS OF INVESTORS

Social and commercial relations between the countries in the African continent and Turkey have shown a positive course in the last years. Being predicted to become a significant actor in the world of the future, Africa continues to be the focus of investors with its current state open to development, geopolitical weight, economic and commercial potential. In this process, that Türkiye becomes an observer member in 2005 and gets declared a strategic partner in 2008 has led the African continent to be a special place for our country.

The increasing number of Turkish representations, trade consultancies, free trade agreements signed, and tax privileges in Africa increase the role and share of Turkey in the empowerment of Africa. As Vestel, we take responsibility with our position as the export champion of our sector, our technology production and experience and we increase our contribution to our country’s economy and support the development of Africa.

CEO of Vestel Group of Companies Turan Erdoğan