21st July 2026  /  EAGLE FM

To ensure the Etango Uranium Project delivers tangible public interest benefits, the
Namibian Competition Commission has approved the merger between CNNC Overseas Ltd
and Bannerman UK subject to stringent conditions regarding local employment, skills
development, and domestic procurement.

According to the 2026 World Investment Report, foreign direct investment across Africa
remains heavily concentrated in the extraction of minerals, hydrocarbons, and energy
related infrastructure.