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Africa Launches Megaprojects Amid US-China Race, Debt Woes

8/4/2026

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Story summary
  • African nations are launching unprecedented infrastructure projects to achieve energy independence and improve logistics.
  • The Middle East war revealed Africa’s dependence on imported energy, prompting new refineries and pipelines.
  • China and the United States are competing for influence by pledging billions of dollars for megaprojects.
  • Rising debt payments and aid cuts are squeezing public finances, prompting commentators to warn that debt could stall projects.