Economic Diversification

Gabon shifts from oil dependency to a diversified economy with investments in agriculture, mining, tourism, and infrastructure to ensure sustainable growth.

Oil price shifts reshape African economies, spotlighting challenges and opportunities for growth, trade, and energy diversification.

Saudi Arabia is contemplating a multi-billion dollar share sale of oil giant Aramco as early as June. This potential deal could raise around $10 billion and be a significant step …

Saudi Aramco is maintaining its $31 billion dividend payout despite a decline in profits. This decision highlights the challenges and opportunities for the kingdom’s economic diversification plans, which include potential …

Nigeria faces the prospect of missing out on significant opportunities as oil prices soar towards the $100 mark, signaling potential windfalls for oil-producing nations. Despite being a major player in …

Saudi Arabia achieves a significant milestone as non-oil revenue reaches 50% of its Gross Domestic Product (GDP), marking a pivotal shift in the kingdom’s economic landscape. This remarkable development underscores …

Algeria wants to boost non-oil exports this year. The goal is $10 billion. This decision counters risks from an oil-focused economy. Oil and gas dominate Algeria’s exports, making up 93%. …