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Over the weekend, I appeared on Al Qahera News to outline the reverberations of the Iran crisis in Africa. From higher energy prices to destabilized food supply chains, the continent is feeling the pressure of the crisis.
https://t.co/98HnB4PYvv
๐ฎ๐ทHereโs how the Iran war is heating things up between Algeria and Morocco in North Africa ๐ฉ๐ฟ๐ฒ๐ฆ
๐ Find out more in the link in bio
@OasisMediaColl
Despite the ceasefire, the #Hormuz crisis isnโt over.
Shipping traffic has collapsed to a trickle and ironically, the US has even floated a potential joint venture with #Iran to manage the strait and possibly charge transit fees
Image: @FT
A tanker carrying #Iraqi crude successfully transited the #Hormuz after #Iran cleared Malaysia-linked vessels to pass. The takeaway: Iran is selectively reopening the world's most critical oil chokepoint along geopolitical lines.
https://t.co/tivxqS2f6M
A7, a sanctioned #Russian#crypto payments network, is expanding into #Africa, opening offices in #Nigeria and #Zimbabwe and posted a job listing in #Togo. A7 represents Moscow's effort to build a payment infrastructure outside Western reach.
https://t.co/gTnyxnD7Ea
#Kenya launched a competitive tender for its Mrima Hill rare earths deposit, estimated at $62 billion. Over 10 companies from the #US, #China, and #Australia have already signaled interest.
#Africa is becoming the new #criticalminerals battleground.
https://t.co/Xpdc10eUUd
While the #US and #China generally dominate discussions over capital investments in #Africa, the #Gulf has also emerged as a vital backer of Africa's various sectors, most notably for critical minerals.
Find out more in the link in my bio.
As more countries around the globe look to a world beyond fossil fuels, #Africa is emerging in its importance. Home to some of the world's largest shares of #criticalminerals, Africa is receiving significant capital investments worldwide.
Find out in the link in my bio.
While #oil remains the chief concern, as I explained in an interview with @Alqaheranewstv, food and other commodities are likely to experience supply chain pressure and price hikes.
Find out more: https://t.co/FqW7zIVYWG
While it's consistently been one of the world's most impressive emerging markets, South Africa is feeling the fiscal pressure of the Iran crisis, and its countermeasure efforts may not be enough to withstand the heat.
Maintaining rates amid rising energy costs pressures the rand, equities, and corporate borrowing. Investors now anticipate a longer tight money period in South Africa, affecting domestic and regional capital flows and market confidence.
While the US has sought to diminish China's footprint, the current Iran crisis has created a window of opportunity that Beijing has exploited. Unless Washington reorients its focus, we're likely to see more, not less, Chinese presence across global mineral supply chains.