Russia’s invasion of Ukraine prompted a shift in energy cooperation with African countries, once considered a priority for future upstream investment. Western sanctions have increased the importance of alternative energy partners and markets, including Africa, for Russia. Following the visits of several Russian delegations to African countries to discuss increased cooperation since the outbreak of…
Stable OPEC+ Oil Exports in April Sustained by Saudi Arabia’s Increased Supply Amid Nigerian and Iraqi Disruptions
When 26 African nations failed to support a UN resolution denouncing Russia’s activities in Ukraine, it caught several Western governments off guard.
The high level of Africa’s Debt Burden is posing significant challenges to the economic growth and development of the continent. Africa is facing debt payments of $69 billion this year alone, with an additional $185 billion due between 2022 and 2024, primarily in Eurobonds.