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Senior U.S. Official Warns African Governments About Relying on “Fast and Loose Money” 

The United States Assistant Secretary of State for the Bureau of Energy Resources, Francis Fannon, spoke Tuesday at the Africa Oil Week conference currently underway in Cape Town, South Africa. Image via AOW.

The top energy diplomat for the United States, Francis Fannon, issued a clear warning to African governments to avoid taking oil and gas investments from “opaque forces” that could lead to erosion of their countries’ sovereignty through debt-dependency.

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