Moody’s said it expects the West African nation’s surplus “to remain sizeable even under materially lower oil ​prices.”

It supplies up to 80% of jet-fuel demand at OR Tambo International Airport.

In 2021 it expanded ​to include non-founding members.

Africa’s economic transformation will depend on deeper regional integration, with fragmented markets and weak implementation of trade agreements continuing to limit the continent’s ability to convert trade into higher incomes, according to a new report by the African Union, World Bank and partners.

African Development Bank (AfDB) has pledged to work with partners to mobilise additional financing for the Great Green Wall Initiative (GGWI), as African leaders, development institutions and international organisations called for accelerated investment in land restoration and climate resilience at United Nations (UN) Convention to Combat Desertification (UNCCD) COP17 in Mongolia.