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2023

Africa's New Oil Boom: Path To Prosperity Or Debt Trap?

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While some low-income countries are hopeful about the potential for oil and gas wealth, as seen in many of the new African developments, other countries may feel forced into fossil fuel investments to pay off their debts, according to new research. Some state governments are using the growing interest in their untapped oil and gas resources to leverage their position in new developments and bring in new revenue to boost their national economies. But a new report suggests this may not be the case for all low-income countries, with some pursuing…



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