Browsing: Turkey

• According to the Turkish Energy Minister, Turkey will have exclusive rights for search and production when we find oil in these areas.
• Turkey and Somalia signed a defense and economic cooperation agreement during the Somali Defence minister’s visit to Ankara 
• In March Somalia inked an oil and gas deal with Turkey which officials mentioned would foster cooperation in the exploration and exploitation of the deposits.

Somalia and Turkey Oil Deal

Despite being torn apart by civil war, Somalia’s geo-seismic studies have shown the war-torn country may have at least 30 billion barrels of oil and gas reserves.

Inching towards stability and fostering civil rest amid Islamic insurgents posing a threat to peace and harmony, Somalia’s newly discovered oil and gas deposits could be the nation’s breakthrough.

Although the resources take time to develop – exploration usually takes three to five years and production can only begin after the latter is …

• Ransomware Attacks and backdoors are the leading threats Kenyans contend with
• According to the CAK, Kenya experienced 860 million cyberattacks in 2022–2023.
• Check Point Research has also identified ransomware Attacks among the first rising in Africa.

Kenya was the second most attacked country by cybercriminals in the Middle East, Turkey, and Africa region (META), according to new data released by cybersecurity solutions provider Kaspersky.

Only Turkey recorded the highest number of attacks among the 12 countries in the META region. The region comprises Bahrain, Egypt, Kenya, Kuwait, Nigeria, Qatar, South Africa, Saudi Arabia, Turkey, UAE, Oman, and Pakistan.keyvone lee jersey yeezy boost 350 v2 hyperspace sac eastpak custom youth hockey jerseys jock strap custom sublimated hockey jerseys jock strap johnny manziel jersey nike air jordan 1 elevate low brock purdy jersey brock bowers jersey college football jerseys air max 270 women custom youth hockey jerseys custom dallas stars …

• In an escalation of geopolitical tension, Russia has pulled a power move, ending the Black Sea Gran Initiative. To what extent does this decision threaten food security in Africa? 
• Collapse of the deal will drive inflationary pressure on grain prices, especially in countries heavily reliant on imports, experts warn.
• Currently, Africa is facing biting food shortage as inflation fueled by high food and fuel prices grips economies.

The Black Sea Grain Initiative, a deal that allowed the export of Ukrainian agricultural produce especially grains through the Black Sea, has collapsed following the withdrawal of Moscow from the agreement. For those unaware, the Black Sea Gran Initiative, was negotiated by Turkey and the United Nations in July 2022.

The deal, up to Monday July 24th, was allowing ships to carry fertilizer and agricultural products from three Ukrainian ports. It let ships to sail through strictly mapped routes, to avoid mines and …

During a press conference on Wednesday, the company’s Chairman Mehment Coskun stated that the KShs91 billion investment would be used to manufacture six different products.

These products include ceramic and granite tiles, sanitary towels, toilet paper, towel napkins, and iron and aluminium products.

However, according to Coskun, seventy per cent of their output will be destined for the export market in the United States and Europe.…

The level of cooperation that once existed between Africa and Turkey has evolved into the form of strategic alliances. The Republic of Turkey has developed partnerships with African countries in infrastructure, health, trade and investment, rural development, energy, institutional cooperation, agriculture, and small and medium enterprises.

These partnerships were developed on the basis of the “Turkey-Africa Joint Implementation Plan 2015-2019” and in accordance with the Istanbul Declaration of the First Africa-Turkey Cooperation Summit that took place on August 19, 2008.

The approach taken by Turkey incorporates aid for those in need and assistance with economic and social development. This strategy is derived from Turkey’s own history of achieving economic and social growth.…

• The African firm which provides shared transportation services for both intracity and intercity movement acquired the Turkish firm at around US$40 million
• Swvl currently repurposes underutilized, privately owned buses or minivans for different purposes throughout the day
• Swvl said the acquisition of Volt Lines would add an incremental US$4.3 million of annualized revenue to its balance sheet

Egyptian startup Swvl has expanded into Turkey after it recently acquired B2B transportation-as-a service operator Volt Lines. 

The African firm which provides shared transportation services for both intracity and intercity movement acquired the Turkish firm at around US$40 million.

The acquisition now gives Swvl access to Volt Line’s tech as well as over 110 corporate client contracts. 

Swvl currently repurposes underutilized, privately owned buses or minivans for different purposes throughout the day. 

Some of these include shuttling intercity commuters along fixed routes, providing rides between cities and driving corporate employees to work …

Turkish engagement in Africa is expanding rapidly, extending beyond economic outreach to encompass business, aid, diplomacy, culture and military support.

The rapid growing Turkish presence on the continent has been primary conceived by Recep Tayyip Erdogan, Turkey’s president, who has sought to remodel Turkey as an “Afro-Eurasian state”; a model for the Islamic world and an alternative to the West, which, in his mind, has surrendered its moral authority.

What began with economic outreach, experts say, has progressed into a complex Africa policy encompassing business, aid, diplomacy, culture and military support.

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 Coastal Senegal, a colossal mosque in Djibouti, Turkish military hardware on Libya’s battlefields, A military base in Somalia. And in arid Niger, a gateway to the Sahara desert, and a …