Africa: Fossil Fuel Wealth Fails to Deliver Development in Africa - Report
11 Jun 2026, 09:48 GMT
Topic: Africa
Source URL: https://allafrica.com/stories/202606110196.html
[IPS] Nairobi -- A new report examining the economic impact of oil and gas production in Africa has found that fossil fuels have failed to deliver sustained or inclusive economic development, observing that the resources have contributed to economic vulnerability and inequality and have constrained growth through prohibitive commodity prices, inflation, and weak local currencies.