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Tosyalı has Become Türkiye’s Largest and Europe’s Third-Largest Steel Producer

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Tosyalı

According to data announced by the World Steel Association, Tosyalı has become Türkiye’s largest steel producer but also achieved a significant industry milestone by entering the list of the world’s top 50 steel producers

Türkiyes global steel producer Tosyalı (www.TosyaliHolding.com.tr) continues its global growth with nearly 50 facilities across 3 continents, a liquid steel production capacity of 15 million tons, and approximately 15,000 employees.

Drawing attention with its investments in high value-added qualified steel production by determining sustainability as the main agenda, Tosyalı is rapidly climbing the steps in world steel production with its production complexes in different geographies of the world, green steel products produced with advanced technology, R&D and innovation, strong equity and highly competent employees.

Amid the challenging global conditions in 2024, a difficult year for steel producers worldwide, Tosyalı achieved a rapid rise in the global rankings, adding yet another success to its record. According to data released by the World Steel Association, Tosyalı produced 9.12 million tons of liquid steel in 2024 and climbed 21 places compared to the previous year, reaching 46th position in the world rankings. With a 54.3% increase in production, Tosyalı has become one of the worlds top 3 fastest-growing steel producers. Today, Tosyalı has reached the position of Türkiyes largest steel producer while also strengthening its strong position in the global arena as Europes third-largest steel producer. Additionally, the company entered the worlds top 50 steel producers, crossing a significant milestone for the industry.

Our goal is to become one of the world’s top 20 steel producers

Tosyalı Holding Chairman of the Board Fuat Tosyalı: Our goal is to become one of the world’s top 20 steel producers

Stating that Tosyalı‘s global success is based on well-planned strategic investments and qualified steel production, Fuat Tosyalı, Chairman of the Board of Tosyalı Holding, said: “As Tosyalı, we have identified sustainability, efficiency and economies of scale as three important priorities. With this strategy, we continue to grow in a healthy and stable manner with eco-efficiency-oriented investments in Türkiye and in different geographies around the world. We completed Tosyalı Demir Çelik İskenderun Plant, the largest industrial investment of our country in recent years, despite the major earthquake disaster and started the first production in 2023. This plant eliminated Türkiye’s 4 million tons of flat steel imports and started to make a significant contribution to value-added steel exports. We are taking firm steps towards becoming one of the most important and strategic integrated iron and steel production centers not only in the Mediterranean basin and Africa, but also in the world with our fourth phase investments in our five-phase Tosyalı Algérie production complex, which is one of the driving forces of our success as a global steel company to date. We have also initiated investments in Libya as a strategic step in Africa. With our investments in Türkiye, Algeria, Spain and Libya, we are strengthening our position as a global steel producer day by day.

As Tosyalı, our total investment amount in the last 5 years is over 6 billion USD and the majority of these are sustainability-oriented investments. Our investments in R&D, advanced technology, circular production, and clean energy sources such as solar and hydrogen continue without interruption. At the same time, we are focusing on efficiency, which is also one of the main issues of sustainability, and we tend to produce more by consuming fewer resources. We continue to achieve sustainable growth thanks to our completely independent, yet dynamic and efficient structure that analyzes everything from the mine to the final product within the Tosyalı ecosystem. Thus, we continue our rapid yet steady rise in the world rankings. Between 2020 and 2024, we increased our global crude steel production by 110%. Due to this progress, we have entered the worlds top 50 companies, becoming Türkiyes largest and Europes third-largest steel producer. Among the top 50 companies, we are the only one to continuously rise in the global rankings every year. Our steady and sustainable growth continues, and with our production figures, we have taken a very strong step toward moving up to the next league on a global scale. In the next 45 years, as our ongoing investments begin production, we will move forward with confidence toward our goal of becoming one of the worlds top 20 steel companies.

Distributed by APO Group on behalf of Tosyali Holding.

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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