A recent report by Oxfam highlights a complex geopolitical dynamic concerning renewable energy investments. While Africa possesses roughly 70% of transition minerals reserves, a significant portion of these resources are concentrated in developed nations – primarily the Global North – and China. Investment flows are disproportionately concentrated in these regions, with profits largely accumulating in the hands of the wealthiest 1%. This imbalance suggests a potential shift in global economic power, with the majority of wealth generated from African resources benefiting the developed world. The report emphasizes the historical context of colonialism and its continued influence on resource distribution.
Credits: AllAfrica News: Latest
