Plunder of Africa's resources: Part 1
China-Africa trade will double between 2014 and 2020, and the Chinese foreign direct investment will quadruple to $100 billion, says the World Resources Institute.
Meanwhile, US held its first Africa summit, in which President Barack Obama announced more than $14 billion in investment by US companies in Africa and helped mobilize a further $17 billion in other states and multilateral funds for the continent as Washington seeks to claw back some of the ground lost recently to China.
Back in 2014, France invaded the West African nation of Mali, supposedly to drive out Islamic fundamentalists identified as Al-Qaeda in the Islamic Maghreb (AQIM). However, it is said that the move was a resource grab, since Mali is rich in gold, uranium, and oil.
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