The Iran war has reminded everyone, but especially Africans, of the structural instability of fossil-fuel prices. For African trustees, directors, asset managers, and other fiduciaries, the question is not whether capital should reposition, but whether institutions will act before events compel them to do so.
As countries scramble to secure the minerals needed for clean energy, digital technologies, AI, and defence industries, the new era of resource competition implies both great promise and grave peril.