Africa’s Commodity Export Value Slumped 5.6% in Two Years as Oil Prices, Volumes Drop — UNCTAD Warns of Deepening Vulnerability

Africa’s commodity export value declined by 5.6% between 2021 and 2023, dragged down by a 20% fall in average oil prices and dwindling export volumes from its top crude producers — Nigeria, Angola, and Algeria. This is according to a newly released report by the United Nations Conference on Trade and Development (UNCTAD) titled The [...]The post Africa’s Commodity Export Value Slumped 5.6% in Two Years as Oil Prices, Volumes Drop — UNCTAD Warns of Deepening Vulnerability appeared first on Tekedia.

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