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The Sub-Sahara Africa View – November 2014

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Report summary

The oil price slump is impacting Sub Sahara Africa economies and its oil industry. Nigeria responded by devaluing its currency by 8% and plans to save US$3 billion through fuel subsidy cuts. Falling oil company stocks could prompt new M&A activity by indigenous companies looking to offload overvalued assets. Elsewhere in Angola Maersk's Block 16 Chissonga project has come under pressure while Cairn Energy bucked the exploration trend with another discovery offshore Senegal.

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    The Sub-Sahara Africa View – November 2014

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