Citi Sees Africa Currency Devaluation Risks as Weak Oil Weighs
Citigroup Inc. sees an increased risk of currency devaluations in Africa this year after a relatively stable 2025, as low oil prices pressure economies such as Angola, Algeria and Gabon.
By Ray Ndlovu · Bloomberg Markets
Citigroup Inc. sees an increased risk of currency devaluations in Africa this year after a relatively stable 2025, as low oil prices pressure economies such as Angola, Algeria and Gabon.