First Independent Mena Newspaper
Africa will play a “huge role” in America’s critical mineral strategy, says US Deputy Treasury Secretary Wally Adeyemo who used his five-day trip to South Africa to express his country’s ambitions of securing metals needed for the global energy transition. Africa’s natural richness, which includes many so-called critical minerals, such as chromium, cobalt, copper, gold, […]
Trade between Morocco and China grew by 50% from 2021 to 2022 as China becomes Morocco’s first trading partner in Asia. Mehdi Laraki, head of Morocco-China business council, told le360 that Chinese investments in Morocco totaled 56 million dollars in 2022 in vital fields such as industry, transport, real estate, and energy. There has been […]
European and other Western companies face losing out on sub-Saharan African lithium supply to Chinese companies whose grip on the critical mineral got even tighter last year when African exports of lithium, which mostly go to China, rose sharply between August and November. Already dominant in the cobalt and copper sectors in Africa, China is […]
Nigeria will apply for membership of the BRICS in the next two years and it intends to join the group with or without pressure from the West, the country’s foreign minister Yusuf Tuggar has said. During a recent three-day working visit to Russia, where he held talks with his Russian counterpart Sergey Lavrov, Tuggar re-iterated […]
Morocco has emerged as the major winner from the competition engaged between the United States and China for control of the supply chain of critical minerals, used in clean energy transition and electric vehicle (EV) batteries, says the U.S. Center for Strategic and International Studies. In August 2022, the U.S. passed the Inflation Reduction Act […]
The Democratic Republic of Congo (DRC) and GEC, a consortium of Chinese companies, have sealed a new mine-road financing deal worth $7 Billion. The funds are mainly intended for the construction of national roads in the central African country. State-owned mining company Sicomines announced the decision over the weekend following talks on an updated version […]
As the China’s top diplomat Wang Yi wraps up his six-day tour of Africa, hailing deep-rooted friendships between China and African nations, experts have stressed that Beijing’s pursuit of influence in Africa goes well beyond economic interests. As Wang Yi visited Egypt, Tunisia, Togo and Côte d’Ivoire, the sides have reiterated their commitment to upholding […]
China’s Ningxia Hui Autonomous Region has sent a medical team to Benin to provide medical services for locals, state-run news agency Xinhua reports, citing the regional health Commission. The 22-member medical team will work in the West African country for one-and-a-half year. Yang Ping, a doctor from the General Hospital of Ningxia Medical University and […]
The US top diplomat’s tour of four African countries began on Monday (22 January) with a visit to Cape Verde, as the Biden administration seeks to prove the United States is a key partner on a continent where China and Russia have sought to expand their influence. In Cape Verde, US Secretary of State Antony […]
With Chinese lending to Africa shrinking, the continent must focus on increasing its internal trade, diversifying trade-able goods away from commodities, and developing and solidifying its relationships with other global economic partners, according to a senior official at the Asia Business Council. The continent has long had robust economic ties with China, but now faces […]