Monday, February 28, 2022

Impact of Putin's War on African Economies

 Ventures published on 28 February 2022 a commentary titled "How Russia's Invasion of Ukraine Can Impact African Economies" by Oluwatosin Ogunjuyigbe.  

African students have been stranded in Ukraine.  African countries import $4 billion annually of agricultural products from Russia and $2.9 billion from Ukraine, with prices likely going higher and supply possibly disrupted.  Energy and fertilizer importing countries will face higher prices while energy exporters may get a revenue boost.