Angola, a country rich in natural resources, has long been a cornerstone of Africa’s oil production. With oil accounting for over 90% of its export revenues, the Angolan oil industry has faced numerous challenges over the years, including fluctuating global oil prices, aging infrastructure, and the pressing need for diversification. However, recent developments indicate a
energy sector
Equatorial Guinea Faces Challenges as Oil Prices Fluctuate Equatorial Guinea, a small Central African nation rich in oil reserves, is currently grappling with significant economic challenges as global oil prices continue to fluctuate. While the country has long relied on petroleum as its primary economic engine, the volatility of the oil market poses substantial risks
In recent years, Algeria has positioned itself at the crossroads of traditional energy production and a burgeoning commitment to renewable energy. Historically reliant on oil and natural gas exports, which account for a significant portion of its GDP, the Algerian government has recognized the urgent need to diversify its energy sources. With the unveiling of