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.
Genmin has also received an expression of interest from a Shanghai-listed Chinese group seeking at least a 51% stake, alongside offering construction financing, technical support.
The African Energy Chamber (AEC) has urged African oil-producing countries – Algeria, the Republic of Congo, Libya, Equatorial Guinea, Gabon and Nigeria – to remain within OPEC.
A senior investment analyst examines how the ongoing Middle East military conflict and rapidly climbing oil and gas prices are affecting African economies, supply chains and cost of living.
The UAE invested $110bn into Africa over four years with initiatives spanning ports and logistics, renewable energy, digital infrastructure and financial services, to become among the continent’s most consequential economic partners.