When OPEC signaled that it would not put the brakes on oil production in late November, crude’s price plunged. The drop has caused particular hardship in some African countries while proving to be a boon in others.
Here’s a brief rundown of how some of the continent’s key economies are affected by falling oil prices.
The Winners: The drop is extremely good news for oil-importing South Africa. In fact, Oxford Economics estimates that the South African economy can expect a +1.0% boost to GDP growth over the next year if oil prices hover around $40 per barrel.
Read more: Cheap Oil and Africa: The Winners, Losers, and In-Betweeners.
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- Africa Report 2015 – Real Estate Markets in a Continent of Growth and Opportunity: Knight Frank (Infographics & Report)
- Compelling investment markets in Africa – Inside Riscura’s Bright Africa 2015 Report: Debbie O’Hanlon, Senior Analyst, RisCura (Infographics)
- Africa Exchange Guide 2015: African Alliance Capital Markets (Presentation)
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- Africa attractiveness program 2016: EY (Infographics & Reports)
- African Markets Guide 2015: Barclays (Report)
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- Africa’s Prospects – Macro Environment, Business, Consumer and Retail Outlook Indicators (Infographics & Report): Nielsen
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- Top property markets in Africa
- How will US monetary tightening impact African markets?
- How insurance is transforming a rapidly growing Sub-Saharan Africa: EY (Infographic, Video & Report)
- African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)
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- 3 reasons things are looking up for African economies: McKinsey & World Economic Forum
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