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African Development Bank chief criticizes opaque loans tied to Africa’s natural resources [Video]

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African Development Bank chief criticizes opaque loans tied to Africa’s natural resources

The head of the African Development Bank is calling for an end to loans given in exchange for oil or critical minerals used in smartphones and electric car batteries, saying such deals have left some African countries in financial crisis and have helped China control the extraction of critical minerals, such as cobalt, in Congo. #africa

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