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
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
ECOWAS has provided CFA400 million to support refugee assistance in Togo. The funding targets the...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
Guinea appointed Alpha Bacar Barry as minister in charge of national education, literacy, technical education, and vocational training by presidential...
DR Congo and Abu Dhabi–based AD Ports signed a memorandum of understanding to develop and operate a multi-purpose terminal at Matadi port. The project...
Kenya saved about $167 million in debt servicing costs after converting Chinese loans from dollars to yuan. The swap covered three China...
Revenues at Lesotho’s Letšeng diamond mine fell 36% year on year to $97.7 million in 2025. A 14% drop in production and a 20% decline in the...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...