The strengthening of diplomatic ties between Turkey and Africa has significantly boosted bilateral trade. Yasin Ekrem Serim, the Turkish Deputy Foreign Minister, announced on September 19 that trade between his country and Africa has increased eightfold over the past two decades, reaching $40.7 billion in 2022.
"Our trade with Africa has multiplied eightfold. It was $5.4 billion in 2003 and now reached $40.7 billion in 2022," he revealed during a Turkey-Africa business forum held in Istanbul. The event gathered nearly 1500 business leaders, we learned.
The Turkish official also emphasized that this surge in trade is a result of strengthened diplomatic relations with the continent. "We shifted to a partnership policy with Africa in 2013. The number of our embassies on the continent, which was limited to 12 in 2012, has now risen to 44. In the 1990s, among sub-Saharan African countries, only Sudan had an embassy in our country. Today, that number has increased to 38," he said, pointing out that "Africa emerges as the rising star of the 21st century with its cultural heritage and enormous potential."
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Nigeria, Nestlé sign MoU for dairy training center in Abuja Center to train farmers in breeding, ...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Cameroon LNG export revenue falls to CFA350.1 billion in 2025 Stable export volumes suggest decline driven by lower global prices LNG remains...
Cameroon invests CFA17 billion in palm oil production projects New plants, upgrades to boost output, farmer incomes, jobs Government-backed plan...
First Ukrainian agricultural hub in Africa launched in Ghana Project combines food aid with local processing and distribution Move signals push to...
Heineken to sell Bralima stake to Mauritius-based ELNA Holdings ELNA takes over operations; Heineken retains brands via licensing Deal aligns with...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...