By Mehari Taddele Maru Last month, the twelfth US-Africa Business Summit, a high-level event attended by eleven African heads of state and government and some 1 000 business leaders, was held in Maputo, Mozambique. During the three-day event, US officials unveiled a $60bn investment agency that will seek to invest in low and middle-income countries, with a focus on Africa. The announcement came six months after US president Donald Trump’s National Security Advisor, John Bolton, presentedthe Trump administration’s ‘New Africa Strategy’. He asserts: ‘Great power competitors, namely China and Russia, are rapidly expanding their financial and political influence across Africa. They are deliberately and…