Tag: mineral wealth
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๐บ๐ฌ Does Africa need Black America (Focus on Uganda)
Uganda sits on one of Africa’s richest deposits of critical mineralsโlithium, cobalt, nickel, rare earth elements, copper, and graphiteโvalued in the tens of billions of dollars and essential to the global clean energy transition.[1][2][3] Yet as foreign investors circle and Western governments offer technical partnerships, a deeper question emerges: does Africa, and Uganda specifically, need…
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๐ฌ๐ณ Guinea Trades Minerals for Military Vehicles Amidst Rising Security Concerns
Guinea’s military government has struck a controversial deal with the UAE-based Streit Group, trading its valuable mineral resources for dozens of armored vehicles in a contract worth approximately $156 million. This strategic move, announced in June 2023, highlights the growing financial strain on the West African nation, as well as the increasing security challenges it…
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Congolese Authorities Arrest Chinese Nationals Smuggling Gold and Cash in South Kivu
Congolese security forces made a significant arrest on Saturday, January 5, 2025, when three Chinese nationals were apprehended with 12 gold bars and $800,000 in cash in Walungu territory, South Kivu Province, near the Rwandan border. According to reports from 7 Sur 7, the individuals were traveling in an SUV when they were intercepted by…
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