US EditionHow the US has overtaken China's investments in Africa
4 Articles
4 Articles
The African continent is rich in key minerals and metals, such as lithium, rare earth elements, cobalt, and tungsten, which are essential materials for everything from electric vehicles and artificial intelligence data centers to weapons systems. This has made Africa a focal point of the US-China rivalry. According to the latest annual data, the United States has quietly surpassed communist China to become the largest foreign direct investor in …
The continent is rich in important minerals and metals, among other things
The report comes at a time when the European Union, led by Czech Commissioner Jozef Síkely, who is responsible for international partnerships in the European Commission, is also trying to strengthen trade relations with Africa. The United States invested $7.8 billion (roughly CZK 164 billion) in Africa in 2023. Chinese investments reached $4 billion. American investments are managed by a government agency called the US International Development …
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