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High oil prices have biggest positive impact on Angola, followed by Nigeria.

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Angola's twin surpluses are strengthening with the current account likely to well exceed 10% of GDP in 2022 owing to increasing oil prices. High oil prices should result in Nigeria's current account surplus swinging into surplus for the first time in three years, assuming oil production remains unchanged from 2021 levels. As a net importer of oil, Kenya loses the most because of high oil prices, with the widening current account deficit exceeding 6% of GDP this year.
21 Mar 2022 4AM English South Africa Business News · Investing

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