Angola
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HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y — the sharpest monthly drop since November 2021 — partly due to a global slowdown, but more due to a power struggle within OPEC+.
Sub-Saharan Africa is home to 16% of the global population but 67% of extreme poverty - OWID
Every twelfth person in the world still lives in extreme poverty. That means surviving on less than $2.15 per day (adjusted for differences in living costs between countries).
Russia's expanding pull in Africa is pushing Western influence out
Moscow’s expanding presence in Africa has largely unfolded in silence, but the shift it represents is profound. Like in the game of Risk, Africa’s sheer size and its treasure trove of untapped raw materials is becoming increasingly important.
Armenia courts African countries to supply diamond industry
Armenia is seeking partnerships with African producers of rough diamonds to ensure a stable supply for its diamond processing industry and diversify away from sanctions-hit Russian suppliers.
Oil is a major source of income for eight African countries – OWID
Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.