Asia Business Emerging Markets Europe Headlines International

Western firms losing out to China in ‘white-gold’ rush for Africa’s lithium

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 […]

Africa Business Emerging Markets Headlines International

Nigeria’s intention to join BRICS will not be influenced by West — FM

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 […]

Asia Business Columns Emerging Markets Headlines Morocco

CSIS: Morocco, Biggest Winner from U.S.-China Competition for Critical Minerals and Their Supply Chains

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 […]

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DR Congo, China seal new mine-road financing deal worth $7 Billion

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 […]

Africa Asia Business Emerging Markets Headlines International

African govts need to learn lessons to secure true win-win development partnership with China

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 […]

Africa Asia Community Headlines International

China dispatches medical team to Benin to provide medical services for locals

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 […]

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US’s Blinken starts four-nation West Africa tour to boost democracies amid Sahel concerns

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 […]

Africa Asia Business Emerging Markets Headlines International

Africa at critical juncture: as China slows, continent needs to diversify economic partners

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 […]

Africa Headlines International

Niger, Russia agree to develop military ties as part of efforts to stabilize situation in Sahel

Filling the void left by French troops who withdrew from Niger just a couple of weeks ago, the Sahel country and Russia have announced an agreement to develop military cooperation as part of the efforts to stabilize the situation in the region. Russian Deputy Defense Ministers Yunus-Bek Yevkurov and Alexander Fomin met Niger’s junta-appointed Defense […]

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China’s FM on Africa charm offensive tour calls for Gaza ceasefire

China’s Foreign Minister Wang Yi has kicked off his inaugural trip of 2024 that takes him to four countries around Africa, focusing on diplomacy, economics, and security issues on the continent. During his first stop in Cairo, the top Chinese diplomat called for a ceasefire in Gaza and the start of the implementation of the […]