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A cargo ship sits low in the water at a harbor in Dar es Salaam, its massive steel hull groaning against the dock. On the manifest are the essentials of modern life: fuel, fertilizers, and grain. But the paperwork required to move these goods has become a labyrinth of risk. In a boardroom in Washington, […]
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Rising oil prices are widening economic divergence across Africa, increasing cost pressures for fuel-importing countries while strengthening fiscal balances in oil exporters such as Nigeria and Angola. Escalating tensions in the Middle East and renewed risks to shipping through the Strait of Hormuz, which carries nearly one-fifth of global crude supply, have tightened energy markets […]
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