Africa: Middle East Crisis – What It Means for Oil-Rich but Refining-Poor African Economies, By Adewale Sanyaolu
The lesson from every Middle East crisis is clear: global energy shocks will continue to occur, and their effects will continue to reverberate across the world. For Africa’s oil-rich but refining-poor economies, the real challenge is not merely surviving these shocks but using them as catalysts for structural transformation…Until that transformation occurs, events thousands of…