Angola

OPEC sees Africa adding 1.2mn bpd of refining capacity in medium term

Jennifer DeLay November 8, 2022

OPEC says Africa is on track to add 1.2mn barrels per day (bpd) of primary refining capacity in the medium term, with Nigeria’s Dangote Refinery accounting for more than half of the total.

ING: Back to the 80s? What soaring inflation, US rate hikes and a stronger dollar mean for EM sovereign debt

James Wilson sovereign EM strategist at ING September 11, 2022

Soaring inflation, rate hikes and a stronger dollar are reminiscent of the early 1980s – a decade that brought a wave of EM sovereign debt crises. This year has already seen Sri Lanka default, hit by an external liquidity crisis.

EM debt crisis around the corner

Ben Aris in Berlin September 8, 2022

Soaring inflation, a strong dollar and a complete overhaul of global energy markets are playing hell with Emerging Market debt. The world is now teetering on the edge of a global debt crisis, warns Oxford Economics.

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