In 2023, Turkish direct investments in Africa reached $10 billion, with 1,864 infrastructure projects totaling $85.4 billion, according to the Turkish Council of Foreign Economic Relations. Trade between Turkey and Africa has increased, rising from $41 billion in 2022 to an estimated $50 billion in 2023. Turkey is strengthening its presence in Africa through 44 embassies, Turkey-Africa economic summits, and official visits, consolidating its diplomatic influence on the continent.
Turkey’s growing economic influence in Africa is reflected in its major investments, contributing to the economic growth of the region. Figures from the Turkish Council of Foreign Economic Relations show that Turkish companies completed 1,864 infrastructure projects with a total value of $85.4 billion in 2023, thus reinforcing Turkey’s positive impact on African economic development.
