African Business published on 3 March 2022 an article titled "How Will the Russia-Ukraine War Affect Africa?" by Shoshana Kedem.
Surging commodity prices will create winners and losers in Africa. Large importers of wheat like Egypt, Kenya, Nigeria, and Ghana and of oil like Kenya will experience negative impacts. Exporters of oil like Nigeria and Angola will benefit. But Russia accounts for only 2-3 percent of Africa's trade, although it is 8 percent for Malawi and 7 percent for Uganda. Nor is Russian FDI in Africa significant, less than 1 percent of total FDI in Africa. Sanctions on Russia will decrease FDI even more.
