But what are the channels through which the pain will arrive?
The UK’s Overseas Development Institute estimate a $30bn drop in export receipts should oil stay this low for a protracted period.
Spiking bond premiums – and big debt overhangs – are going to make refinancing debt difficult for many African countries.
Healthcare systems, often under-funded and under-staffed, will be tested in the coming months.
This webinar is in partnership with Invest Africa; you can see a list of their upcoming events here.
Understand Africa's tomorrow... today
We believe that Africa is poorly represented, and badly under-estimated. Beyond the vast opportunity manifest in African markets, we highlight people who make a difference; leaders turning the tide, youth driving change, and an indefatigable business community. That is what we believe will change the continent, and that is what we report on. With hard-hitting investigations, innovative analysis and deep dives into countries and sectors, The Africa Report delivers the insight you need.View subscription options