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."
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
Nigerian Breweries begins pilot barley cultivation to cut imports Ethiopia leads Africa barley output; Morocco, Algeria major producers Nigeria aims...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbreak, while Madagascar is reporting rising case counts....
Ethio Telecomis exploring financing support from Italy’s development bank Cassa Depositi e Prestiti (CDP) for digital infrastructure projects. The...
Portuguese glass-packaging group BA Glass seeks approval to acquire a 41.28% controlling stake in Tunisia’s Sotuver. The transaction values the block...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...