Congo to join OPEC and the economic impacts in Sudan after U.S lifting sanctions [Business Africa]

Congo Brazzaville joins OPEC in a bid to improve its oil production

Congo, the fourth largest producer of oil in sub-Saharan Africa, wants to join OPEC in a bid to establish itself in the definition of policies and decision-making within the sector.
Resources from the country’s oil account for about two-thirds of GDP – that is 75 percent of government revenue and 90 percent of export earnings.
With the launch of the new Moho Nord oil field, Congo might be able to achieve its forecasts for an annual production of 117 million barrels.

Financing opportunities increase after US lifted sanctions

Sudanese government and institutions have started building their economic relations with counterparts in US after the world leader eased sanctions on it.

There has been significant improvements and financial experts said the period of one hundred days after the economic embargo was lifted witnessed notable developments and movements between Khartoum and Washington including resuming banking transactions. The in depth story from our newsroom.