Sub-Saharan Africa's Energy Exporters Strengthen Fiscal Positions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Yahoo Finance
- Fiscal Improvement: According to BofA Global Research, Angola and Nigeria emerge as the largest beneficiaries of sustained high crude prices, demonstrating positive current-account effects and fiscal impacts, indicating significant progress in economic structural reforms.
- Subsidy Reform Dividend: Nigeria and Zambia have notably strengthened their fiscal positions by reducing state subsidy burdens, with analysts observing that the rollout of fuel subsidy reforms supports the fiscal outlook by decreasing costly state transfers.
- External Account Protection: Producers in the West African Economic and Monetary Union appear more protected than in 2022, as new production comes online and global demand remains strong, indicating enhanced competitiveness in the global market.
- Key Reform Momentum: Despite the optimistic outlook, the regional economy remains bifurcated, with Angola enjoying positive fiscal and current account impacts, while fuel-importing nations like Kenya and Zambia face external pressures, making the maintenance of reform momentum critical for sovereign bond performance.
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Analyst Views on TTE
Wall Street analysts forecast TTE stock price to fall
16 Analyst Rating
8 Buy
8 Hold
0 Sell
Moderate Buy
Current: 88.750
Low
60.04
Averages
71.67
High
90.93
Current: 88.750
Low
60.04
Averages
71.67
High
90.93
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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