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Turkey, Egypt to cooperate on natural gas, nuclear power

Turkish president Recep Tayyip Erdogan said his country looks forward to cooperating with Egypt on natural gas and nuclear power, following a visit to Ankara by Egyptian president Sissi during which trade cooperation deals were also signed. The two countries are willing to strengthen cooperation in the fields of trade, defense, health, energy, and the […]

Africa Business Emerging Markets Energy Europe Headlines International

Turkey seeks to strengthen foothold in Africa’s gold, oil markets

Turkey is following in the footsteps of China and Russia in seeking to strengthen its foothold in the continent focusing mainly on oil and gold. Next month, Turkey will send the research vessel Oruc Reis to explore offshore oil blocks in Somalia, where Ankara has its largest overseas military base and manages key infrastructure. Turkish […]

Africa Europe Headlines International

Turkey to mediate in Somalia-Ethiopia port row

Somalia and Ethiopia will resume negotiations in Ankara on a port in Somaliland, a breakaway region where Addis Ababa offered recognition in return for using the Red Sea port. Relations worsened when Ethiopia and Somaliland signed a memorandum of understanding to use 20 km of coastal land for a port purpose. Somalia opposed the deal […]

Emerging Markets Energy Europe Headlines International Libya

Turkey considers Libya offshore hydrocarbons explorations

Turkish energy minister said his country is planning to conduct offshore explorations in Libyan waters in search of oil and gas. Ankara and Tripoli are close to reaching an agreement to launch the explorations, energy minister Alparslan Bayraktar told Sabah newspaper. Bayraktar said that, while Turkey invests in explorations in the Mediterranean, it also attaches […]

Africa Asia Headlines International

Turkey seeks uranium supplies from Niger

Turkish foreign minister Hakan Fidan, earlier this week, led a delegation to Niger to discuss uranium supplies, Bloomberg reported. The delegation “wants to tap Nigerien supplies of the fissile mineral to fuel Turkey’s nascent nuclear-power industry,” it said. The two parties agreed to boost cooperation on energy, mining, intelligence, and defense, at a time Niger […]

Africa Emerging Markets Energy Europe Headlines International

Russia and Turkey strengthen their nuclear footprint in Africa

Russia and Turkey have recently strengthened their nuclear footprint in Africa, the former by inking a nuclear deal with the Congo and the latter through reported efforts by to acquire some of Niger’s uranium assets to support its growing nuclear-power industry. After being involved in several nuclear deals across Africa, Russia’s state company Rosatom which […]

Emerging Markets Headlines International Morocco

Morocco, Turkey to cooperate in energy, mining

Morocco and Turkey agreed to foster cooperation in the fields of mining and energy, including innovative fields such as green hydrogen. The deal was signed by Morocco’s energy minister Laila Benali and her Turkish peer Alparslan Bayraktar, who also agreed to cooperate on electricity distribution, decarbonization, and energy efficiency. The two parties also highlighted the […]

Africa Asia Headlines International

Syrian mercenaries seek cash in Niger’s mayhem

Hundreds of pro-Turkey Syrian mercenaries are flocking to Niger to join the ranks of the military regime in Niamey. AFP cited several unnamed fighters, lured by cash, who traveled with a Turkish private company to the resource rich country in the unstable Sahel region. The company takes advantage of good ties between Ankara and Niamey, […]

Business Emerging Markets Energy Headlines

EU’s Critical Raw Materials Act aimed at breaking China’s grip on Africa — study

The European Union’s recently agreed-upon Critical Raw Materials Act (CRMA) does not target China but is aimed “simply [at] diversifying sources of supply,” a senior EU official has said, just as a recent study highlighted the bloc’s continuing efforts to close deals with resource-rich African nations to reduce its dependence on China for critical raw […]

Africa Headlines International

Somalia-Turkey security deal to deter terrorism, piracy and Ethiopia’s territorial designs — experts

The defense cooperation agreement between Somalia and Turkey signed earlier this month (8 February) aims to achieve several objectives, experts say, including Ankara’s helping Mogadishu secure its maritime interests and serving as a counterbalance against the recent Ethiopian controversial deal with the breakaway region of Somaliland. The defense cooperation agreement Somalia inked with Turkey last […]