Tuesday, February 11, 2020

Coronavirus Hitting African Economies

CNBC published a story on 10 February 2020 titled "The Coronavirus Fallout is 'Battering' African Economies, Capital Economics Says" by Elliot Smith.

Port closures in China are causing oil importers to cancel purchases and forcing sellers to look elsewhere. African oil exporters such as Angola have been forced to re-sell oil at a discount. African commodity prices have also been affected.