Cyril Ramaphosa will meet US finance minister Janet Yellen on Wednesday

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Yellen is on a three-country trip to Africa that aims to show the continent that the US is a partner in it for the long-haul

US treasury secretary Janet Yellen. Picture: SHELBY TAUBER/REUTERS

But after decades of losing ground to China and the tumult of the Donald Trump years, when the former president threatened to slash aid and roll back military support, it is a tough sell. African officials have broadly welcomed the US’s renewed engagement. But the timing, two years into Biden's four-year term, is viewed by many as “late and somewhat halfhearted”, said Chris Ogunmodede, a Nigerian researcher and associate editor of World Politics Review.

In Senegal, Yellen warned Africa against “shiny deals that may be opaque and ultimately fail to actually benefit the people” and has accused China of dragging its feet on a critical debt restructuring in Zambia.African countries have become collateral victims of the rate hikes by the US Federal Reserve, aimed at curbing inflation in the US.

The US, meanwhile, has largely failed to offer viable alternatives to cheap Chinese credit, officials said.

 

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Passing messages to US after meeting with Lavrov?

Why? Does Cheryl want to bum more money?

Are we begging from the big bad Capitalist again Comrade ? Just after you have been badmouthing the US with Lavrov! Hypocrite!!!

Oh gosh😩

Oh please no not this lady

Two incompetent people meeting, wow that would be insightfull

Another loan coming their way for us citizens to pay for.

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