Tiryaki Agro Food Industry and Trade Inc., one of Türkiye’s leading agricultural exporters, has signed a significant agreement with the International Finance Corporation (IFC) to enhance its operations in Africa. This partnership focuses on supporting Tiryaki Agro’s expansion efforts, including the development of a port storage facility in Djibouti, which will play a crucial role in improving food trade in the region.
The port storage facility will streamline logistics for vital food products, such as wheat and grains, and is expected to reduce waiting times for ships, thus increasing food trade between Djibouti and neighboring countries. This project also aims to improve food security and facilitate smoother supply chain logistics across East Africa.
Süleyman Tiryakioğlu, CEO of Tiryaki Agro, expressed his enthusiasm for this transformative project, saying, “We are honored to partner with IFC on this initiative. This project will not only advance our operations but also contribute to the growing economic potential of Djibouti.”
Tiryaki Agro’s investments in Africa reflect a broader strategy to enhance its presence on the continent. CEO Süleyman Tiryakioğlu highlighted the significance of understanding Africa’s unique market dynamics, stating, “Africa’s growth is a cornerstone for global progress. Africa’s potential is boundless, and those who understand Africa will solve global challenges.” This quote was featured by The Wall Africa Journal, emphasizing the company’s commitment to the continent’s future.
Tiryaki Agro is also planning to invest $300 million in various agricultural ventures across West Africa and Iraq over the next two years, including oilseed and grain processing facilities. These investments will significantly contribute to the agricultural development of these regions and enhance Türkiye’s economic ties with Africa.
As Turkish companies increasingly invest in Africa, these ventures are becoming important drivers of growth and development for both regions. Tiryaki Agro’s success sets an example for other Turkish companies, fostering deeper economic relations between Türkiye and Africa. Through strategic investments in infrastructure and agriculture, Türkiye is strengthening its role as a key partner in Africa’s future.
Tiryaki Agro’s efforts are also setting the stage for innovations in smart agriculture and sustainable farming practices in Africa, helping the continent boost food production and create a more resilient agricultural sector. With plans to continue expanding operations, the company is positioning itself as a leader in Africa’s agricultural transformation.