The competing influence of the United States and China in Africa is expected to unfold in the Democratic Republic of Congo (DRC) as the U.S. plans to invest in Congolese mining, including gold and other minerals.
This interest from the U.S. comes at a time when President Donald Trump and China’s President Xi Jinping are engaged in trade wars.
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The Trump administration aims to compete with China in investing in the mining industry in Congo, where China has been a significant player, particularly in copper and cobalt extraction.
A notable example of Chinese investment is the Sicomines joint venture, involving Chinese companies like Sinohydro and China Railway Group.
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US to Invest in DRC Mining Sector
In addition to mining, the U.S. plans to invest in critical infrastructure projects, including roads, railways, dams, and energy.
According to the Trump administration, these projects are part of its broader economic strategy for the African continent.
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Currently, there is a mining agreement being negotiated between the DRC and the United States. This is not yet a signed treaty but rather a framework under discussion aimed at attracting more U.S. investment in the Congolese mining sector. The U.S. interest in Congo aligns with President Felix Tshisekedi’s invitation for investment.
Earlier, in April, DRC President Felix Tshisekedi expressed his interest in having President Trump’s administration invest in Congo’s minerals in exchange for security assistance to help his government combat the Rwandan-backed M23 rebels, who have been a challenge to his administration.
DRC President Invites Trump to Invest in Minerals in Exchange for Security Support Against Rebels
Massad Boulos, a senior advisor to President Trump on Africa, held a meeting with President Tshisekedi regarding this proposal.
In response, he stated that the U.S. government and the Congolese government have agreed on a proposal, although details of the agreement have not been disclosed.
“We have reviewed the DRC’s proposal, and I am pleased to announce that the president and I have agreed on a path forward for its development. The Trump administration looks forward to fostering U.S. private sector investment in the DRC, particularly in the mining sector,” Boulos said.
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For a while, there has been a prolonged economic standoff between China and the US due to ongoing tariffs imposed by both nations, with each side maintaining a firm stance regarding their trade policies.
The tariffs have affected various sectors, including technology, agriculture, and manufacturing, prompting both countries to seek alternative trade partners and strategies.
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