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Oil's impact on African growth
Fri, 13 Feb 2009 16:04VIDEO
The price of oil has fallen more than $100 since its high of just over $147 in July last year. The sharp drop in the oil price could put the brakes on growth for African oil exporters like Angola and Nigeria.
With 90 percent of Angola's income stemming from oil and 80 percent of Nigeria's government revenue generated by oil - the sharp drop in the price could mean these oil-rich countries will take a lot longer to improve their infrastructure to attract foreign capital.
Samantha Loring spoke to Duncan Clarke, author of Crude Continent, about how the drop in the oil price has impacted growth prospects for African oil exporters.
