Saturday , October 5 2024
Home / AFRICA / Erdogan pledges to double bilateral trade at Turkey-Africa summit

Erdogan pledges to double bilateral trade at Turkey-Africa summit

Battle for hearts and minds

Since 2009, Ankara has engaged with African countries, big and small, at feverish speed, with Erdogan’s overriding ambition on the continent driven by trade and investment, says Tim Ash, an emerging markets economist at BlueBay Asset Management.

“For quite a long time Turkey has been very Africa focused. Under Erdogan, Turkey embassies have expanded massively globally as part of their effort to boost trade and investment,” Ash says.

That building spree has taken the number of Turkish embassies in Africa from a dozen in 2009 to 43 today. This year, it will open its 44th, in Guinea-Bissau.

Erdogan’s foreign policy is also moulded by efforts to counter the growing influence of rival Islamic powers in Africa such as the UAE and Egypt.

With strong historical trading links, the UAE has become an increasingly vital partner for the continent, and its second-largest investing country, second only to China, according to the Financial Times’ fDI Intelligence.

Ankara’s allegiance with Qatar has pitted Turkey against Saudi Arabia, Egypt and the UAE in a “battle for hearts and minds” on the continent, Ash says.

Saudi Arabia, Egypt and the UAE are fiercely opposed to the Muslim Brotherhood and its associated brand of political Islam, Ash says. Doha and Ankara have provided support for the Muslim Brotherhood in Egypt and backed rebels fighting to overthrow Syrian President Bashar al-Assad.

This has manifested itself in Turkey’s sweeping investments in education projects on the continent, building 17 schools in Nigeria alone.

“Turkey’s been a big investor in education. Expanding Turkish cultural-religious influence as a conduit to boosting Turkish trade,” Ash says.

Africa also represents a huge success story for Erdogan as Turkey’s tourist economy weathers a battering from Covid-19, Ash says.

“Erdogan has massive problems at home, the economy’s not doing well and and Africa has been one of that has been relatively successful for him in terms of business and trade. So he probably wants some nice photo shoots of him shaking hands and doing stuff in Africa.

As Turkey’s relations with Europe unravel, Ankara has been keen to diversify its trade away from Europe. Two-thirds of Turkey’s trade investment financing comes from Europe, but amid political tensions Erdogan has tried to kindle trade ties elsewhere, starting with the Middle East. Souring relations with Saudi Arabia, the UAE and Egypt, and a deteriorating regional security situation refocussed the president’s sights on the continent.

“Africa has been a relatively low hanging fruit, with less geopolitical problems. So Africa is part of this diversification ploy,” Ash adds.

“Africa has been very beneficial for Turkish companies, manufactured products, food, its been a big market, they’ve also been a conduit of transit trade and travellers from Africa.”

Today, Turkish fingerprints are all over Africa, from the Kigali Arena in Rwanda, east Africa’s biggest stadium, built by a Turkish construction firm, to an Olympic swimming pool in Senegal, a colossal mosque in Djibouti and Turkish military hardware on Libya’s battlefields. But while most African countries have welcomed the new partnership, experts wonder about the long-term ambitions behind Erdogan’s Africa strategy.

****

Source: African.business

Leave a Reply

Your email address will not be published. Required fields are marked *