The Turkey-Africa partnership reflects Ankara's strategic vision to solidify its influence in Africa, leveraging economic opportunities and natural resources.
Military cooperation is becoming increasingly significant, as Turkey provides training and defense equipment to African nations, particularly in response to rising terrorism threats.
Despite the potential for growth, Turkey must navigate complex regulatory environments and political instability that pose risks to its investments.
If Turkey successfully addresses challenges such as political instability and infrastructure weaknesses, it could significantly boost its economic footprint in Africa, enhancing trade and investment opportunities.
The increasing military cooperation may lead to deeper diplomatic ties between Turkey and African nations, potentially positioning Turkey as a key player in regional security efforts.
As Turkey aims to increase trade volumes, we may see a diversification of sectors in which Turkish companies invest, moving beyond traditional areas into technology and renewable energy.
Last weekend, Djibouti hosted the third ministerial review conference of the Turkey-Africa partnership, featuring Turkish Foreign Minister Hakan Fidan and representatives from 14 African nations. Fidan emphasized Türkiye's commitment to enhancing its economic presence in Africa through investments in various sectors, including security and humanitarian work.
Turkey has established itself as a strategic partner of the African Union since 2008, with a significant increase in diplomatic missions across the continent, including 44 embassies. Turkish direct investments in Africa have surpassed $7 billion, with over 1,800 projects valued at nearly $85 billion, demonstrating Ankara's commitment to infrastructure and job creation.
Trade relations between Turkey and Africa have surged, with Turkish exports to the continent growing from $2.1 billion in 2003 to $22 billion in 2023. The total trade volume has reached $35 billion, with ambitious goals set by President Erdogan to increase trade to $50 billion and eventually $75 billion. However, challenges such as political instability and weak infrastructure remain obstacles to further growth.
