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
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Ghana will launch a digital platform to publish and centralize all Power Purchase Agreements (PPAs). The reform follows controversies over opaque...
The World Bank allocates $75 million to fund the DR Congo’s second general population and housing census (RGPH2), part of a $100 million...
International Finance Corporation invests $45 million to power 2,235 telecom sites with solar energy across Ethiopia, Liberia, and Sierra...
Senegal launches a public consultation to define operational and regulatory rules for fiber optic network sharing. Authorities aim to reduce...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...