Strait of Hormuz: Oligui Nguema believes the oil crisis can benefit Africa

Author: Amos TraoréPublished on: May 15, 2026Country: Gabon

PoliticsBusiness & Economy

Strait of Hormuz: Oligui Nguema believes the oil crisis can benefit Africa

Gabonese President Brice Clotaire Oligui Nguema stated at the Africa CEO Forum that tensions in the Strait of Hormuz could have economic repercussions for Africa. He emphasized the need for the continent to adapt to fluctuations in energy markets while rejecting the notion of benefiting from international crises. Oligui Nguema also discussed Africa's energy assets, calling for the development of local storage and processing capacities.

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