How overlapping US and China sanctions are complicating business in Africa

AI Summary

African businesses face compliance challenges due to overlapping sanctions imposed by the US and China. These sanctions impact multiple industries including mining, banking, telecommunications, and energy, complicating operations for companies dealing with both global powers.

US-imposed sanctions targeting other countries and a growing list of Chinese laws aimed at countering the measures are creating a compliance minefield for African businesses dealing with the world’s top two economies. At risk is a broad range of industries including mining, banking, telecommunications, technology, energy, infrastructure and others in which African businesses are simultaneously exposed to US and Chinese counterparties, according to analysts. Compliance consultants covering the...