Tag: Oil
Coronavirus: Will a price war force change in Angola?
The impact and longevity of COVID-19 and low commodity prices are putting acute pressure on African economies and pushing some sovereigns close to default. Besides Zambia, which has already begun the process to potentially hire an advisor for a sovereign restructuring, Angola is becoming the country with the highest risk for a potential debt restructuring…
Nigeria could be heading towards its second recession in three years
Most political analysts expected the re-election of Buhari in 2019 to signify stability and re-ignite business in the country. But nearly eight months after the election, economic growth has drastically slowed to 1.94% in the second quarter of 2019, which is the second straight quarter of declining growth numbers for the country…
Mozambique: Can elections and fresh finance reboot the nation?
Mozambique’s long-running debt scandal from 2014 drove the country into a financial and political crisis. As the October 2019 election approaches, voters wonder whether the nation can walk back from the brink of economic collapse…
It’s time to rethink oil and gas as a funding source for development
Oil-price volatility highlights the fragility of a development model based on a single resource. For oil-producing countries the imperative of adopting a more diverse investment strategy can no longer be ignored…
