Africa: Middle East Crisis – What It Means for Oil-Rich but Refining-Poor African Economies, By Adewale Sanyaolu

[Premium Times] 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 miles away in the Middle East will continue to shape the daily economic realities of millions of African citizens...

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