Amid the coronavirus pandemic, experts predict Africa’s economy will shrink for the first time in over 25 years. For the continent’s oil- and gas-rich countries the impact of the pandemic coincided with and exacerbated a global drop in oil prices.
Both Algeria and Iraq were already in places of great transition and turmoil when confronted by the coronavirus pandemic. While both countries have taken some measures in response to the oil price drop and the spread of the coronavirus, questions remain.
It is critical to address the impacts of the much-needed low-carbon transition on the livelihood of the world’s millions of oil workers and their communities. Implementing a just transition for workers will not be easy, but it is imperative for governments in oil-exporting emerging economies to begin planning now.
Guinea’s mining sector has rapidly expanded in recent years, but now faces serious challenges due to the coronavirus pandemic. This post explores those impacts and makes recommendations to the government about how it can safeguard the sector.