Silver lining spied for Africa’s gold exporters, oil importers
Surging gold and the slide in oil prices are offering some African countries a rare boost, as the region copes with the fallout from President Donald Trump’s trade war and freeze on US aid. While oil exporters Angola and Nigeria will be hit after Brent crude slumped below $67 per barrel from around $75 at the start of the month, energy importers including South Africa will get a bit of relief.
Surging gold and the slide in oil prices are offering some African countries a rare boost, as the region copes with the fallout from President Donald Trump’s trade war and freeze on US aid. While oil exporters Angola and Nigeria will be hit after Brent crude slumped below $67 per barrel from around $75 at the start of the month, energy importers including South Africa will get a bit of relief.
