Illicit gold has become a critical source of financing for organised crime, armed groups and sanctioned regimes across Africa, a Global Initiative Against Transnational Organized Crime report finds.
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.
Cameroon has secured $206mn in bank financing for the CSTAR refinery project in Kribi, advancing plans to reduce dependence on imported fuel products while rebuilding domestic refining capacity after the prolonged shutdown of the SONARA refinery.
Saudi Fund for Development signs a $75mn loan to rehabilitate a key Cameroon road corridor linking Nigeria and Chad, extending a development partnership spanning more than 40 years.
Frontier economies have seen a sharp slowdown in investment growth and an increase in fiscal and financial vulnerabilities.