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The new scramble for Africa: Indian billionaires vs. Beijing
How Indian billionaires are challenging China for gold, lithium, copper and telecom wealth in Africa
Indian billionaires including Gautam Adani, Sunil Bharti Mittal, and Anil Agarwal are expanding investments across Africa in mining, telecom, and clean energy, challenging China’s two-decade dominance. However, China remains Africa’s top trading partner, posting a $60 billion surplus in 2025. The rivalry is giving African nations greater leverage to demand local processing and better terms.
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