Fossil Fuel Wealth Fails to Deliver Development in Africa – Report By Maina Waruru Copyright © 2026 IPS-Inter Press Service.

Fossil Fuel Wealth Fails to Deliver Development in Africa – Report By Maina Waruru https://www.ipsnews.net/2026/06/fossil-fuel-wealth-fails-to-deliver-development-in-africa-report/ NAIROBI, Jun 11 2026 (IPS) - A new report examining the economic impact of oil and gas production in Africa has found that fossil fuels have failed to deliver sustained or inclusive economic development, observing that the resources have contributed to economic vulnerability and inequality and have constrained growth through prohibitive commodity prices, inflation, and weak local currencies. Copyright © 2026 IPS-Inter Press Service.