Türkiye plans to join the African Development Bank in 2007, aiming to expand its commercial presence across Africa, a market officials say has not been sufficiently tapped.
Membership is expected to open doors for Turkish contractors to compete for bank-financed infrastructure and development projects, potentially generating 2 to 3 billion USD in annual contracts.
Officials identified more than 30 target countries for expanded commercial ties, including Nigeria, South Africa, Egypt, Ethiopia, Morocco, Algeria, Kenya, and Sudan, among others.
Türkiye's trade with African nations currently surpasses 10 billion USD. The government has set a goal of reaching 25 billion USD in bilateral trade by 2010.
Historical summary. TurkishPress restated this wire report, first published in December 2006, in its own words.