US DFC Plans More Equity in Africa
The US International Development Finance Corporation plans to increase direct equity investments in Africa and critical minerals. The strategy aims to counter China and secure key supply chains for electric vehicles.
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The United States development finance arm plans to scale up direct equity investments in Africa's critical minerals sector, countering China's supply chain dominance. The agency manages over $14 billion in commitments across the continent. This strategy shift targets electric vehicle and renewable energy supply chains.
