Turkish President Recep Tayyip Erdogan on Tuesday oversaw the unveiling of his country’s latest high-profile construction project in Africa – a 50,000-seat stadium on the outskirts of Senegalese capital Dakar.
Mr Erdogan joined Senegalese President Macky Sall and other African leaders to witness an inaugural football match at the $260 million Diamniadio Olympic Stadium, built by Istanbul-based Summa.
The arena is the latest example of Turkish projects springing up all over Africa – hospitals, airports, power stations, water treatment plants, hotels and factories.
Although Mr Erdogan’s trip to the Democratic Republic of Congo (DRC), Senegal and Guinea-Bissau was cut short by the Ukraine crisis, his presence and the building splurge are signs of Turkey’s growing economic interest in Africa.
Mr Erdogan’s personal investment testifies to the value Ankara places on deepening ties. He has visited some 30 states in more than 50 trips to Africa since 2004, reportedly more than any other non-African world leader.
Since Turkey launched a strategy for Africa in 2003, there has been a more than fivefold increase in trade with African states, from $5.4 billion to $30 billion last year. Turkish investment in the continent rose from $100 million to $6.5 billion over the same period.
On the diplomatic front, Turkey now has an embassy in 43 African states, up from just a dozen in 2009.
Ankara’s forays into Africa, however, date back some four decades, according to Elem Eyrice-Tepeciklioglu, international relations associate professor at Yasar University in Izmir.
“It’s a product of the liberalisation of the Turkish economy in the 1980s, which saw a new conservative bourgeoisie, popularly defined as the Anatolian Tigers, emerge,” she said.
“Because Western markets were already penetrated by the more secular business groups, they needed alternative markets, which the Middle East and Africa provided.”
Mr Erdogan, accompanied by a clutch of ministers, officials and business figures, oversaw a series of deals with the DRC and Senegal during his trip, covering defence, finance, communications, sport, construction and transport.
Security agreements, in particular, have been a signature of Turkey’s recent Africa strategy. Turkish military advisers are scattered across the continent while its hardware, especially the combat-proven Bayraktar TB2 drone, is much in demand.
“From the central Maghreb southward, Turkey is assembling a commercial architecture that takes in 18 countries,” said Michael Tanchum, associate senior policy fellow at the European Council on Foreign Relations’ Africa programme.
“Moreover, Turkey is very adroit at mixing economic soft power and military hard power, sometimes leveraging the latter to gain an advantage in the former.”
Turkey has also used its influence to pursue its opponents on the continent, particularly the followers of Fethullah Gulen, whose movement was said to be behind the 2016 coup attempt against Mr Erdogan.
It has successfully pressured African governments to close Gulenist schools and have Turkish suspects handed over, including Gulen’s nephew, reportedly captured in Kenya last year.
Meanwhile, Mr Erdogan has emerged as a champion for Africa, calling for greater representation for Africans on the UN Security Council.
During the Covid-19 pandemic he has decried the continent’s low vaccination rate as a “disgrace for humanity” and, at an Istanbul summit of African leaders in December, pledged 15 million vaccine doses for Africans.
Arriving in Kinshasa on Sunday, Mr Erdogan said 1.2 million doses would be delivered to the DRC during his visit.
Turkey is not alone in chasing opportunities in Africa. China, India, Russia and Gulf states have all increased their trade and investment with the continent in recent years.
“Turkey has a continent-wide strategy for engagement with Africa that has been successfully expanding for a decade and competes quite effectively with other foreign powers in Africa, including China,” Mr Tanchum said.
“Many African countries are dissatisfied with the low quality of Chinese products and there is a growing discontent with Chinese business practices. With its reputation for delivering quality infrastructure on time, Turkey is filling the gap on a scale that EU countries are not.”
Turkey has often focused on fellow Muslim-majority countries, providing a ready-made understanding, according to Ismail Numan Telci, vice-president of the Centre for Middle Eastern Studies in Ankara.
“Turkey represents a unique democratic experience that has been admired by millions in Africa and the Middle East,” he said.
Ms Eyrice-Tepeciklioglu agreed that religious and cultural similarities had smoothed Turkey’s involvement in Africa.
“They make it easier for Turkish companies to enter African markets … This religious affinity and cultural ties going back to the Ottoman period play an important role.”
Francophone nations, such as Senegal, are another target for Turkey in west Africa as it seeks to exploit discontent with France, the former colonial ruler. Senegal, which Mr Erdogan has now visited five times, is especially prized because Dakar’s Atlantic port is well-connected by road to the region’s interior.
Contributions to employment and GDP also characterise Turkish investment. Speaking in Dakar on Monday evening, Mr Erdogan said two-thirds of the 1,500 workers who built the new stadium were locals.
“For example, Turkey has built large manufacturing sites in Algeria and is now the country's largest foreign employer – not France, Italy or China,” Mr Tanchum said. “Turkey is doing likewise in Senegal by establishing steel production and furniture manufacturing.”
It also has its eye on Africa’s vast mineral wealth, having established an iron ore mine in Angola to feed a $2 billion Turkish iron and steel plant in Senegal, as well as gold mining in Niger and potential extraction sites in Mali and Burkina Faso.
Having established its economic and political influence through construction projects, Turkey now seems keen to develop manufacturing in the region.
“Turkish and African companies will jointly produce a specific product in an African country and will export this product to markets both in Africa and different corners of the globe,” Mr Telci said.
However, military agreements are expected to continue playing a major part in Ankara’s dealings with Africa.
“The key areas of the new era will undoubtedly be security and economy,” said Murat Yigit, a researcher at Istanbul Commerce University. “Turkey now attaches importance to security co-operation as much as commercial relations.”
Tori Amos
Native Invader
Decca
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
The five pillars of Islam
The specs
- Engine: 3.9-litre twin-turbo V8
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THE SPECS
Engine: 1.6-litre turbo
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The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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Armies of Sand
By Kenneth Pollack (Oxford University Press)
Going grey? A stylist's advice
If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Results
Ashraf Ghani 50.64 per cent
Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
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- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Tamkeen's offering
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Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Afghanistan fixtures
- v Australia, today
- v Sri Lanka, Tuesday
- v New Zealand, Saturday,
- v South Africa, June 15
- v England, June 18
- v India, June 22
- v Bangladesh, June 24
- v Pakistan, June 29
- v West Indies, July 4
ESSENTIALS
The flights
Etihad (etihad.com) flies from Abu Dhabi to Mykonos, with a flight change to its partner airline Olympic Air in Athens. Return flights cost from Dh4,105 per person, including taxes.
Where to stay
The modern-art-filled Ambassador hotel (myconianambassador.gr) is 15 minutes outside Mykonos Town on a hillside 500 metres from the Platis Gialos Beach, with a bus into town every 30 minutes (a taxi costs €15 [Dh66]). The Nammos and Scorpios beach clubs are a 10- to 20-minute walk (or water-taxi ride) away. All 70 rooms have a large balcony, many with a Jacuzzi, and of the 15 suites, five have a plunge pool. There’s also a private eight-bedroom villa. Double rooms cost from €240 (Dh1,063) including breakfast, out of season, and from €595 (Dh2,636) in July/August.