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Africa: The Commodity Curse Returns

Can some of Africa's biggest economies recover from a sharp fall in oil and metal prices?

Sharp falls in commodity prices have dealt serious blows to the prospects of workers, communities, and businesses in large parts of Africa over the last few years.

The World Bank said economic growth in sub-Saharan Africa slumped to its lowest level for more than two decades last year and earlier this month South Africa, the continent’s third largest economy, re-entered recession.

The picture is not uniformly bleak – the outlook is much more positive in East Africa – but the continent’s largest economies are suffering. Can they turn things around and end their reliance on oil and mining? What hope is there for those seeking relief from poverty, and what jobs might they do in the future?

Ed Butler is joined by a panel of guests: Kola Karim, CEO of Shoreline Group, a Nigerian energy and infrastructure company; professor Mthuli Ncube, head of Quantum Global Research Lab and former chief economist of the African Development Bank; and Lorenzo Fioramonti, professor of political economy at the University of Pretoria, in South Africa.

(Picture: Women fill wheelbarrows with coal in South Africa. Credit: Marco Longari, Getty Images)

Available now

27 minutes

Last on

Sun 18 Jun 2017 14:06GMT



  • Sat 17 Jun 2017 02:06GMT
  • Sat 17 Jun 2017 10:32GMT
  • Sat 17 Jun 2017 21:32GMT
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  • Sun 18 Jun 2017 02:06GMT
  • Sun 18 Jun 2017 14:06GMT

In The Balance Podcast

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