The events of the past two years have accelerated mergers & acquisitions trends in Africa, and 2022 is already witnessing increased deals activity.
The World Bank has said in its latest Commodity Markets Outlook report that the price of Brent crude oil is expected to average $100 a barrel in 2022, its highest level since 2013 and an increase of more than 40% compared to 2021.
The heavy contraction of the oil and gas sector last year has compelled the government to impress on oil production and exploration (E&P) companies to quickly resolve the challenges facing their operations to enable them to ramp up production.
The EU’s refusal to pay directly in rubles tests Putin’s threat to cut off the gas supply, and buyers in Europe “would be running a very real risk of their supplies being cut.
The lockdowns, which now look set to intensify, are causing supply chain issues, port congestion and factory closures, resulting in a sell-off of Chinese stocks.