Via Energy Daily, a look at Turkey’s growing interests in Africa: Turkey is pushing for diplomatic and economic influence on the world stage — not least in Africa, where it announced plans this week to search for oil and gas off Somalia.Over President Recep Tayyip Erdogan’s two decades in power, Ankara has consolidated its foothold […]
Read more »Via Nikkei Asia, a report on BYD’s plans to invest $1B into a Turkish EV plant: Chinese electric-vehicle maker BYD will invest $1 billion in Turkey to set up an EV and plug-in hybrid vehicle factory with an annual capacity of 150,000 units, creating a second European production and export hub after the one it […]
Read more »Via Bloomberg, a look at how western multinationals fleeing Nigeria are being replaced by Asian and Turkish firms: Naira’s depreciation, currency swings deter multinationals Nigerian firms have also made significant investments As US and Europe-based multinationals exit Nigeria, Asian and local companies are stepping in to fill the void. Last week, London-based Diageo Plc sold its controlling […]
Read more »Via The Africa Report, a look at Turhan Mildon, CEO of Turkish construction firm Milvest, which is firing on all cylinders in the DRC: Turhan Mildon, CEO of Turkish construction firm Milvest, is firing on all cylinders in the Congolese capital. Present in the Democratic Republic of Congo for just three years, his company is […]
Read more »Via The Africa Report, commentary on why Egypt and Turkey’s economic rapprochment needs Libya: After ten years of a consistently tense diplomatic relationship, Cairo and Ankara have buried the hatchet to start afresh. Will this reconciliation be enough to boost their weakening economies? In the current global political climate, both Egypt and Turkey are suffering economically. To […]
Read more »Via the Carnegie Endowment for International Peace, a new report on how, collectively, emerging powers in Asia, Africa, Latin America, and the Middle East are growing in their geopolitical weight and diplomatic ambition. How closely do they align with the United States when it comes to Russia and China? What drives their decisions on the […]
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