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America has struck a preliminary minerals deal with Kenya, securing a foothold in one of the world’s largest untapped rare earth deposits worth about Sh9.7 trillion. The deal edges out China.
The Group of Seven (G7) leaders have unveiled an ambitious plan to strengthen and diversify global supply chains for critical minerals.
Globally, demand for critical minerals is rising because countries are trying to solve three problems at once: energy insecurity, climate change and technological competition.
Proposal seeks to shield the wealth from political meddling and the economy from over-reliance on the inflows.
Somaliland is willing to give the United States access to its minerals and military bases, a minister has told AFP, as the breakaway region of Somalia seeks international recognition.
“If we were in Congo for the minerals, we would be 100 times richer than we are now,” said President Kagame during Umushyikirano
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