The United States has taken another step in its effort to reduce reliance on China for strategic raw materials, with President Donald Trump signing a sweeping executive order designed to secure America’s defense supply chains – placing Africa’s mineral-rich economies firmly at the center of an intensifying geopolitical contest.
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A missile alert has sounded in Bahrain, and Saudi Arabia has warned residents of Dammam, on the Persian Gulf, to seek shelter.
African central banks are expected to keep interest rates higher for longer as renewed geopolitical tensions in the Middle East threaten to reignite inflation across the continent, according to a Bloomberg report.