AFRICA OBSERVATORY - ISSUE 7

05 - 12 JUN 2019

MESSAGE OF THE PRESIDENT

Turkish African Affairs Council (TAFAC) which aims to be the “window of Turkey opening through Africa” will be publishing Africa Observatory in order to create comprehensive awareness about Africa. Center for African Studies, as part of TAFAC, will be publishing reports about numerous countries, sectoral information and including reports upon investment opportunities in the continent. This initiative also has been constructed to strengthen relations of businesses both located in Turkey and Africa by creating solid bounds in economic and cultural fields.

Furthermore, on behalf of the TAFAC family, I would like to indicate our willingness to buidl bridges between our beloved country Turkey and African Continent. Therefore, our fundamental goal is enhancing cooperation and solidarity. This will lead us to create a beneficial environment for both Turkey and African Continant through various fields.

Finally, we are planning to appeal wide range of businesses in African continent and Turkey by publishing Africa Observatory weekly. Therefore, businesspeople, political decision makers, academicians and experts will be able to get benefits from Africa Observatory. Our publishing will also be available for foreign countries besides Turkey and Africa. Thus, I thank warmly to our publishing committee and hope you to avail of our publications furthermore.

Sincerely,
President of TAFAC

Abdulaziz Unal

HEADLINE OF THE WEEK

THE IMPORTANT HEADLINE OF ISSUE 8

The Return of Russia to Africa

As Moscow attempts to re-establish old Soviet ties and buy influence in the continent, it is presenting itself as the alternative to old self-interested colonial powers. Some of the reasons for Russia’s interest in the continent include the threat of its diplomatic isolation from Europe and the US over Moscow's policies in Syria and prior to this the situation in Ukraine, leaving the Kremlin with no alternative but to seek new allies. As competition for resources, political influence and access to markets continue to increase, Russia began to look outside established power centres. Africa has historically been a...

ECONOMICAL DEVELOPMENTS AND POLITICS

SUMMARY OF THE ECONOMICAL DEVELOPMENTS AND POLITICS IN THIS ISSUE FROM TAFAC'S PERSPECTIVE
Nigeria Could Join Africa’s Free Trade Agreement in July, Afreximbank Says

Nigeria Could Join Africa’s Free Trade Agreement in July, Afreximbank Says

Nigeria is set to enter Africa's free-trade agreement as early as July, Benedict Okey Oramah, president of Africa Export Import Bank, told The Annual...
Africa’s Fastest-Growing Region Banks on More Spending for Growth

Africa’s Fastest-Growing Region Banks on More Spending for Growth

East African countries plan to increase spending dramatically on infrastructure projects in budgets to be released Thursday. It’s not clear they can afford it. Kenya,...
Africa's Technology Hub Rises in A Congested Lagos Neighborhood

Africa’s Technology Hub Rises in A Congested Lagos Neighborhood

The fading facades of century-old buildings in a neighborhood of the Nigerian megacity of Lagos house a vibrant technology cluster that’s caught the eye...

INVESTMENT OPPORTUNITIES IN AFRICA

WHAT ARE THE INVESTMENT OPPORTUNITIES IN AFRICA?

Investment Opportunities in Africa – Issue 7

Call for Tender: Commercial Proposal – Guinea The Government of the Republic of Guinea has obtained funding from the Special Assigned Fund (SIF) Special Assignment Fund (SIF) for the implementation of the Strengthening the Operational Capacity of the National Office of Quality Control (ONCQ) and will use part of this funding, to acquire, install and put into service, the inspection...

TURKEY IN AFRICA

What is new in Africa about Turkey?

Turkey in Africa – Issue 7

Turkish Firm to Launch Mega-Housing Project in Angola A Turkish construction firm will launch a mega-housing project in Angola, marking the largest social housing project in the southwestern African nation. A total of 10,000 allinclusive residences for Angolan teachers are set to be built by Onsan Group, a Turkish construction firm which has been operating more than 40 years. “We signed...

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