Declining oil prices and the effect on African growth

The dramatic drop in oil prices in the last year has meant substantial revenue losses for African energy-exporting countries and a stalling of shale oil projects as these become less economically viable.

SAIIA’s Ross Harvey spoke to Business Day TV on the impact this lower oil price will have on African economies, and what the response should be.

The views expressed in this multimedia are those of the author/s and do not necessarily reflect the views of the South African Institute of International Affairs (SAIIA).

This content features on the G20 Resource Centre.

11 Nov 2015

More Videos

BRICS Expansion and South Africa’s Strategic Gamble | SAIIA World in Flux Episode 2

Somaliland Recognition: Why Israel Acted and How Africa is Responding

Reflections on South Africa’s G20 Summit

Doha Forum 2025: BRICS, GCC, and Evolving Relations for a Changing Global Order

Doha Forum 2025: BRICS Development and the Future of Climate Action

Talk Africa: South Africa’s influence at the G20 Summit