The Oil Curse: The Bane of Sub-Saharan African Oil Economies



Joe Asamoah
10/06/2010

The Oil Curse It is difficult to find oil success stories in sub-Saharan Africa. The economies of major oil producing countries like Nigeria, Angola, Gabon and Equatorial Guinea have performed rather dismally. Nevertheless, it could also be argued that all hope of having positive oil stories within the sub-region is not lost yet, as some examples of mixed blessings exist in the exploration and mining of certain minerals. While the propensity to be greedy is rife for various reasons, it coul...
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