How Did Africa’s Prospective Petroleum Producers Fall Victim to the Presource Curse
This paper reviews resource sector developments in 12 countries in Sub-Saharan Africa that made their first (major) petroleum discoveries during the most recent commodity boom. The analysis, which goes back to 2001, looks at sector forecasts of international organizations, governments, and companies and compares them with the results that emerged.
Africa’s New Oil and Gas Producers Must Prepare for More Disappointment in the Post Coronavirus Era
The crash in oil and gas prices, triggered by the coronavirus pandemic and the slump in economic activity, has dealt a blow to the plans and public finances of major oil- and gas-producing countries. But a group of countries in sub-Saharan Africa once designated as “prospective producers” are facing a different challenge.