The Covid 19 pandemic had already crippled Africa’s economy, which was then affected by the Russia-Ukraine war in February 2022.
By Mazvita Chimbetete
The economic disruption caused by the Russia-Ukraine conflict made it more difficult for Africa’s economy to recover.
Most African countries’ income was affected by growing inflammation and the disruption of trade in commodities and services.
Africa’s nations made fewer purchases of goods and services, which slowed down economic activity and development on the continent.
As a result of the conflict, the majority of homes were left in unstable conditions due to rising food prices and the fact that the majority of people were still afflicted by the Covid 19 epidemic.
Many African nations depend on Russia and Ukraine for a substantial portion of their wheat and vegetable oil, but the conflict hindered trade routes to the continent, driving up already high food costs there.
The majority of African nations’ economies are based on agriculture, and as Russia and Ukraine are the continent’s main suppliers of fertilizer, any disruption in that supply will have an impact on the continent’s harvest.
Because of the limited supply of commodities, food costs climbed significantly by 12.6%, making it difficult for a single family to afford a basic quality balanced dinner.
This made Africa’s food security crisis worse.
What approach can Africa use to maximize the potential returns on its human resources and capacity to deal with the consequences of the Russia-Ukraine war?