Across Africa, economies remain closely tied to the oil market. OPEC and its allies recently announced a production increase of 188,000 barrels per day, though the move remains largely symbolic, as actual output still falls below quotas.
The Democratic Republic of Congo has made a remarkable entry into international financial markets. The country raised $1.25 billion in its first Eurobond issuance, with investor demand nearly four times greater than the amount sought.