Zürcher Nachrichten - Trump eyes African mineral wealth in trade-focused summit

EUR -
AED 4.292155
AFN 73.630022
ALL 95.660722
AMD 433.820933
ANG 2.091891
AOA 1072.89358
ARS 1625.640519
AUD 1.639926
AWG 2.106635
AZN 1.989439
BAM 1.952742
BBD 2.354712
BDT 143.445359
BGN 1.94956
BHD 0.441283
BIF 3478.139667
BMD 1.16873
BND 1.492856
BOB 8.078349
BRL 5.86585
BSD 1.169069
BTN 110.82744
BWP 15.802186
BYN 3.291945
BYR 22907.102646
BZD 2.351318
CAD 1.597712
CDF 2711.453101
CHF 0.923768
CLF 0.026873
CLP 1057.665303
CNY 7.992066
CNH 7.998383
COP 4249.174042
CRC 531.66739
CUC 1.16873
CUP 30.971338
CVE 110.883264
CZK 24.386484
DJF 207.706755
DKK 7.472759
DOP 69.393369
DZD 155.010938
EGP 61.966036
ERN 17.530946
ETB 183.490384
FJD 2.577809
FKP 0.865002
GBP 0.866187
GEL 3.143842
GGP 0.865002
GHS 13.078328
GIP 0.865002
GMD 85.317404
GNF 10255.603616
GTQ 8.931974
GYD 244.595908
HKD 9.159341
HNL 31.100055
HRK 7.53574
HTG 153.120208
HUF 365.405106
IDR 20279.506037
ILS 3.473991
IMP 0.865002
INR 110.932261
IQD 1531.035942
IRR 1537463.955859
ISK 143.800767
JEP 0.865002
JMD 183.32291
JOD 0.828645
JPY 187.12067
KES 150.918829
KGS 102.181223
KHR 4686.606051
KMF 493.203668
KPW 1051.817796
KRW 1736.241647
KWD 0.359876
KYD 0.97427
KZT 541.501988
LAK 25682.835559
LBP 105068.006298
LKR 373.525046
LRD 214.900133
LSL 19.71662
LTL 3.450955
LVL 0.706953
LYD 7.421745
MAD 10.82682
MDL 20.126395
MGA 4850.228543
MKD 61.643688
MMK 2454.30857
MNT 4182.750656
MOP 9.437521
MRU 46.72645
MUR 54.731158
MVR 18.062732
MWK 2035.344994
MXN 20.478827
MYR 4.62701
MZN 74.687662
NAD 19.716257
NGN 1607.611388
NIO 42.904043
NOK 10.895173
NPR 177.323546
NZD 2.00069
OMR 0.449393
PAB 1.169069
PEN 4.118602
PGK 5.072442
PHP 72.164437
PKR 325.929515
PLN 4.259839
PYG 7273.609264
QAR 4.258269
RON 5.103147
RSD 117.408282
RUB 87.358859
RWF 1707.514131
SAR 4.383217
SBD 9.395231
SCR 16.265293
SDG 701.853831
SEK 10.862957
SGD 1.49591
SHP 0.872575
SLE 28.748379
SLL 24507.673526
SOS 667.929265
SRD 43.781816
STD 24190.345689
STN 24.77707
SVC 10.229979
SYP 129.419402
SZL 19.692922
THB 38.276234
TJS 10.960289
TMT 4.096398
TND 3.380258
TOP 2.814021
TRY 52.797319
TTD 7.949551
TWD 36.980363
TZS 3032.853161
UAH 51.529303
UGX 4355.179631
USD 1.16873
UYU 46.527137
UZS 14083.192775
VES 567.520844
VND 30803.04068
VUV 138.345073
WST 3.174125
XAF 654.928556
XAG 0.016218
XAU 0.000256
XCD 3.15855
XCG 2.107
XDR 0.815444
XOF 653.319985
XPF 119.331742
YER 278.888106
ZAR 19.636238
ZMK 10519.964604
ZMW 22.066443
ZWL 376.330495
  • JRI

    -0.0700

    12.74

    -0.55%

  • BCC

    -3.6100

    79

    -4.57%

  • CMSC

    -0.0100

    22.82

    -0.04%

  • GSK

    -3.0700

    51.4

    -5.97%

  • NGG

    -1.4700

    85.98

    -1.71%

  • AZN

    -1.4800

    185.2

    -0.8%

  • RIO

    -2.0000

    96.49

    -2.07%

  • CMSD

    -0.1400

    23.06

    -0.61%

  • BTI

    -1.0200

    57.45

    -1.78%

  • BCE

    -0.2400

    23.26

    -1.03%

  • RBGPF

    -0.5300

    63.47

    -0.84%

  • RELX

    -0.2100

    35.8

    -0.59%

  • RYCEF

    0.0200

    15.22

    +0.13%

  • VOD

    -0.1500

    15.34

    -0.98%

  • BP

    0.4500

    46.8

    +0.96%

Trump eyes African mineral wealth in trade-focused summit
Trump eyes African mineral wealth in trade-focused summit / Photo: Jim WATSON - AFP

Trump eyes African mineral wealth in trade-focused summit

US President Donald Trump hailed West Africa's rich natural resources as he hosted five of its leaders Wednesday for a White House summit aimed at fostering trade to counter the growing influence of Russia and China.

Text size:

Trump's administration is seeking to strengthen economic ties with the mineral-rich region as it simultaneously curbs foreign aid to Africa and hits nations with 10 percent import tariffs.

Talks with the presidents of Senegal, Liberia, Guinea-Bissau, Mauritania and Gabon were expected to focus on commercial opportunities and security.

"We're working tirelessly to forge new economic opportunities involving both the United States and many African nations," Trump told the assembled leaders and reporters ahead of the meeting.

"There's great economic potential in Africa, like few other places, in many ways."

He gushed about the continent's "vibrant places, very valuable lands, great minerals, great oil deposits" -- and was rewarded with personal praise in return as each leader offered their approval when asked by an African media outlet if Trump should win a Nobel Peace Prize.

The talks -- held over a lunch in the State Dining Room -- came with Washington seeking to ensure a stable supply of critical minerals.

All five of the countries invited enjoy rich natural resources, including manganese -- a key mineral in the production of stainless steel and batteries -- iron ore, gold, diamonds, lithium and cobalt.

But overshadowing the talks will be radical steps by Trump and his officials to recalibrate US relations with African nations.

Earlier this month, the administration shuttered the US Agency for International Development (USAID), and said it was moving away from a "charity based-model" to focus instead on trade-based partnerships.

West Africa is expected to be among the regions hardest hit by the aid cuts, which are likely to lead to more than 14 million additional deaths globally by 2030, according to a study published in the Lancet medical journal.

- Drug trafficking and immigration -

US financial help played a crucial role in rebuilding Liberia after its civil wars, and it was still receiving an annual $160 million -- about three percent of its GDP -- as recently as last year.

"Liberia is a long time friend of the United States, and we believe in your policy of making America great again," President Joseph Boakai told Trump.

"And we also go a long way with you and your in your diplomacy that has to do with economic development and commercial friendship."

US arch-rival China has made substantial investments in several of the nations attending, with Gabon providing 22 percent of the manganese it uses in batteries.

Russia has meanwhile supported the nascent Alliance of Sahel States, which shares borders with several of the countries at Wednesday's lunch.

Security is expected to loom large at the meeting, with international drug trafficking and immigration top concerns for Washington.

West Africa's Sahel countries have been dogged by attacks from terrorist groups, while a series of coups have deepened political instability.

Entries from the region make up a significant portion of the Black immigrant population in the United States, which rose by almost a quarter between 2012 and 2022, reaching 4.3 million individuals.

Guinea-Bissau -- a transit zone for cocaine shipments from Latin America to Europe and beyond -- has struggled to contain drug trafficking.

"Guinea-Bissau is a peaceful country, and we are a small country. But we are a great state -- not a great state like the United States, but we're a great country as well," said the country's President Umaro Sissoco Embalo.

A potential US travel ban impacting Gabon, Liberia, Mauritania, and Senegal was reported in June, as part of a larger list of 36 countries facing scrutiny by the Trump administration.

L.Zimmermann--NZN