European energy giants, including TotalEnergies, Eni, Shell, BP and Equinor, are advancing major oil and gas projects in countries such as Mozambique, Libya, Nigeria and Angola…reports Asian Lite News Desk
Former US president Donald Trump has highlighted Africa’s vast economic promise, saying the continent holds “tremendous value” if countries work more closely together — remarks that mark a notable shift from his controversial past comments.
Speaking at an event organised by the FII Institute, known for hosting the Future Investment Initiative in Riyadh, Trump pointed to Africa’s untapped resources and growing investment appeal.
“Africa has tremendous value on its land and if they can unify and get together, I think it’s got tremendous potential,” he said, adding that several investors were already increasing their focus on the continent.
His remarks stand in sharp contrast to a 2018 controversy, when he reportedly referred to some African nations as “shithole countries” during a White House meeting — comments that triggered widespread backlash. The African Union condemned the remarks at the time, while multiple governments lodged diplomatic protests. Trump later denied using those exact words, though several attendees said he did.
Analysts say the latest comments reflect a broader global shift, with Africa increasingly viewed as a key frontier for economic growth and strategic resources. According to recent insights cited by analysts and publications such as The Economist, major global powers are intensifying their engagement across the continent.
The United States is seeking access to critical minerals — including copper, lithium and cobalt — to reduce reliance on Chinese supply chains, with countries such as the Democratic Republic of the Congo, Zambia, Namibia and Guinea emerging as key partners.
At the same time, China continues to expand its footprint through investments in mining, infrastructure and consumer markets. Chinese firms have secured stakes in resources ranging from rare earths in Tanzania and the DRC to gold in Ghana and Ivory Coast, while also investing in agriculture and real estate.
European energy giants, including TotalEnergies, Eni, Shell, BP and Equinor, are advancing major oil and gas projects in countries such as Mozambique, Libya, Nigeria and Angola.
Gulf nations are also deepening their involvement. Public Investment Fund has invested heavily in agribusiness, while firms like DP World and AD Ports Group are expanding their presence in strategic ports across Africa.
Other players are strengthening connectivity and trade links. Qatar Airways has taken a major stake in Rwanda’s Bugesera International Airport, while Emirates and Etihad Airways continue to grow their African networks.
The convergence of global interests underscores Africa’s rising role in supply chains and investment strategies. However, reactions on X to Trump’s remarks were mixed.
Some users viewed his comments as recognition of Africa’s growing global importance, while others questioned the shift in tone, referencing his past remarks. There were also calls for stronger regional cooperation, with some arguing that unity would be key to unlocking the continent’s full economic potential.
Analysts say the debate reflects a broader question facing African nations — whether they can convert increasing global attention into sustainable, long-term growth.
