China, U.S., EU race for Africa's minerals and market
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- China deepens mining stakes in the Congo and Zambia, fast‑tracking cobalt and lithium projects to lock in supply chains (Bloomberg).
- United States rolls out a strategic partnership with the African Union to fund renewable‑energy infrastructure, positioning itself as a counterweight to Beijing (Financial Times).
- European Union proposes a “Resource Governance Initiative” for ethical sourcing, but critics argue it could splinter African markets and add regulatory friction (Reuters).
- African Leaders stress the need for a unified continental strategy, warning that external competition may exacerbate internal divisions (African Development Bank).
- Investors flag a $1.5 trillion consumer‑goods opportunity, yet flag “divide‑and‑conquer” politics could erode returns and increase geopolitical risk (McKinsey).
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