S&P Global data show 98% of tankers registered under Gabon's flag weighing above 10,000 deadweight tons (dwt) are 'high-risk' vessels under Russian trade and shipping sanctions or have unidentified ultimate group owners.
The first investments are due to begin in six counties in sub-Saharan Africa in 2025.
World trade has been falling, but we still expect growth to return this year. We do notice large shifts in world trade as advanced economies – especially the US – are diversifying input sourcing.
Amid a downgrade to the IMF’s global growth forecast, EM sovereigns should remain resilient with areas of relative growth outperformance, easing pressure on commodity importers and fiscal reform momentum.
Food and energy prices surged to near historic highs in recent years amid the pandemic and the war in Ukraine, which prompted major supply disruptions. This was accompanied by a sharp rise in the volatility of commodity prices as well.
Putin took time out from meetings with Chinese President Xi Jinping who had just arrived in Moscow for a three-day state visit to speak to lawmakers from more than 40 African countries and woo them with generous promises of economic and military aid
French President Emmanuel Macron is in Africa. US Secretary of State Antony Blinken has just been to Central Asia before visiting India, and Russian Foreign Minister Sergei Lavrov has just completed a tour of Africa, India and the Caucasus.