While Africa’s oil exporters stand to benefit from a prolonged conflict and resulting oil price volatility, the continent’s 38 net oil importers are watching anxiously. A paper for Bloomberg Economics reckons that Angola, Nigeria and Ghana are the only African countries whose current account will be improved if prices stay north of $85. Senegal, Somalia and Malawi are among a group of countries whose governments have held crisis talks with industry leaders in recent days about the economic effects of the oil price spike. Copyright © Africa Confidential 2026https://www.africa-confidential.comPrepared for Free Article on 10/03/2026 at 01:53. Authorized users may download, save, and print articles for their own use, but may not further disseminate these articles in their electronic form without express written permission from Africa Confidential / Asempa Limited.

Source: The North Africa Journal March 09, 2026 16:29 UTC