Turkey plans to increase its trade with Algeria from about $4 billion currently to $5 billion “very soon,” Algeria’s President Abdelmadjid Tebboune (pictured) reported. The announcement was made during the visit of Turkish President Recep Tayyip Erdogan as part of a revitalization of Turkey's economic relations with its African partners, notably Algeria where it is the leading foreign investor.
In 2018, the Turkish Head of State had announced his intention to increase Turkish-Algerian trade to $10 billion over the next few years. During the visit, the two Heads of State concluded agreements aimed at intensifying cooperation in several sectors, including a contract enabling Algeria to supply Turkey with liquefied natural gas (LNG) until 2024. A project for the creation of a free trade area between the two countries was also discussed.
President Erdogan will also visit Senegal and Gambia in particular. His tour is a prelude to the next Africa-Turkey summit scheduled for April 2020.
Moutiou Adjibi Nourou
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
This week in Africa, Africa CDC continues its clinical trial on mpox, while a new study highlights l...
Senegal plans to launch second satellite, GAINDESAT-1B, in 2026 Satellite builds on GAINDESAT-1A’s environmental and monitoring...
Nigeria forecasts 4.68% growth in 2026, finance minister says Easing inflation, stable naira and reforms underpin economic outlook Government...
Plan targets English teachers for Burkina Faso and French teachers for Ghana Talks focus on boosting language skills and regional education...
New center targets applied training in advanced electronics Project supports Algeria’s push to modernize vocational education Part of wider...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...