Namibia, the world’s third largest uranium producer, in 2024 exported nearly all its output to China, which also controls production at two of the African country’s largest mines.
China appoints Standard Bank and ICBC to operate Africa's first continent-wide yuan clearing hub, deepening renminbi trade settlement and challenging the greenback's dominance in China-Africa commerce.
Algeria and Namibia were removed from FATF's grey list after strengthening anti-money laundering and counter-terrorist financing frameworks, potentially easing access to international finance.
The World Bank warns that higher energy costs and weaker external demand stemming from the Middle East conflict are outweighing the benefits of structural reforms, stronger commodities prices
The African Energy Chamber (AEC) has presented the “African Energy Person of the Year” award to Nigerian businessman and industrialist Aliko Dangote, the founder, president and CEO of the Dangote Group.