✉news BusinessEconomy first seen 23 h ago, last 20 h ago, peak #9
US signs $625m deal in Ethiopia to counter China and Russia
Original: After hitting Africa’s largest economy with a trade shock, the U.S. moves to crush Chinese and Russian influence with a $625m deal in its 2nd-largest economy.
The United States has moved forward with a $625 million deal in Ethiopia, Africa's second-largest economy, in a bid to curb Chinese and Russian influence there. The move follows a trade shock that hit Nigeria, Africa's largest economy, and is being read as part of a broader American push to strengthen its footprint across the continent.
Why now: The US is openly competing with China and Russia for influence in Africa, making this large deal geopolitically significant.
United StatesEthiopiaChinaRussiaNigeria
Evidence
- After hitting Africa’s largest economy with a trade shock, the U.S. moves to crush Chinese and Russian influence with a $625m deal in its 2nd-largest economy. · Business Insider Africa
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