SPECIAL REPORT: AFRICA’S DEFENCELESS OIL PRODUCERS BRACE FOR LOW OIL PRICE IMPACT

   Tue, 17 March 2020

Africa’s vulnerable oil producers are at highest risk of the impact of lower oil prices. Nigeria’s currency is almost certain to be devalued to protect foreign exchange reserves. Angola will postpone oil sector asset sell-offs and turn to the IMF for another bailout in exchange for painful restructuring. Nigeria and other African sovereigns will also delay Eurobond plans.