Page added on May 30, 2006
Experts call it the ‘oil curse’. In Africa’s oil exporting countries, only a tiny fraction of revenues is used to fight poverty, and in many cases black gold has actually become a hurdle to development.
Oil in Africa — from the Gulf of Guinea to northwestern Sudan — lies at the heart of questions of good governance and development, as oil prices and revenues soar but fail to bring better living standards for millions of poor.
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