Monday, May 23, 2022

Russia's Invasion of Ukraine Poses Challenges for Africa

 The Mail & Guardian published on 23 May 2022 an opinion piece titled "Russia-Ukraine War a Threat to Africa's Economy" by Mzukisi Qobo, head of the Wits School of Governance at the University of Witwatersrand.

The author, who is also critical of the US, argues that the Ukraine war is disrupting the financial markets, fragmenting supply-chains and increasing the price of food and commodities.  Africa will be a casualty.  The war is generating new economic shocks and risks.  Increases in the price of energy, metals, and food on the back of the Russia-Ukraine war are raising inflation concerns around the world and with food security implications for many African countries.