Spain launches Horizonte África to increase regional presence

By Nicholas Norbrook, Marie Villacèque
Posted on Tuesday, 23 February 2021 16:59

Minister of Industry, Trade and Tourism, Reyes Maroto, intervenes during question time at the Lower House in Madrid, Spain, 17 February 2021. EFE/ Juan Carlos Hidalgo//EFE_20210217-637491631074158191/2102171319

Beyond the major world powers seeking influence on the continent, Africa is high on the agenda of many countries, from Finland to Spain and Turkey. Each brings its own interests and expertise, be it in fighting insecurity in the Sahel, protecting the continent’s forests or setting up companies that boost employment and trade opportunities

The limelight may fall on France’s security investments in the Sahel, the Chinese companies building large infrastructure projects or the US energy giants spending billions on deep offshore oil projects.

But Africa’s partners are multiplying, and the figures are starting to add up. Turkey’s bilateral trade with Africa jumped from $5bn in 2003 to more than $23bn in 2018. Over the past decade, it adds up to almost $200bn.