China’s slowdown is rippling across Africa and these three nations are the most exposed, relying on demand from the Asian economy for almost half their exports: Republic of Congo, Angola and Mauritania. Oil accounts for the bulk of Angola’s and Congo’s exports, damaging their prospects after crude prices plunged 55 percent since the beginning of June last year to below $50 a barrel. The price of iron ore, which makes up more than 40 percent of Mauritania’s exports, has dropped by almost a third in the past year. The three nations each shipped more than 45 percent of their exports in 2014 to China, data from the International Monetary Fund shows. “For countries like Angola, which basically only has one commodity, there is a huge knock when prices fall and less oil is being exported to China,” Christie Viljoen, an economist at NKC African Economics, said by phone from […]