SouthAfricaEconomy

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Namibia

Ramaphosa Welcomes South Africa’s Exit from FATF Grey List

President Cyril Ramaphosa says South Africa’s exit from the Financial Action Task Force grey list bodes well for the integrity and reputation of the country’s financial system. In 2023, South Africa was placed on the grey list for failing to meet certain international standards. In his weekly newsletter, Ramaphosa says the country's exit from the grey list demonstrates that the anti-money laundering system is beginning to act against corruption and […]

today28 October, 2025

Business / Economics

02-09 January 2025 Weekly Economics Wrap

In Namibia, the stock market reported a total trade value of N$13.4 million year-to-date, with 269,245 shares traded across 24 deals as of January 3. The financials sector dominated, contributing over N$8.8 million in value across 15 deals. Meanwhile, Chinese Foreign Minister Wang Yi announced multibillion-dollar investments in Namibia, including nuclear power, minerals processing, and housing for the police force. China's N$ 94 billion investment in Swakop Uranium is Africa's […]

today9 January, 2025