Browsing: impact of Ukraine war

• Seven African leaders have visited Ukraine and Russia in an effort to put an end to the almost 16-month-old war.
• The Ukraine-Russia war is negatively affecting production and supply of food in Africa and across the globe.
• The African peace mission coincides with Ukraine’s counteroffensive to drive out Russian forces out of occupied lands.

Stung by worsening negative effects of the Russia-Ukraine war on their economies, seven African leaders have visited Kyiv and Moscow in an effort to put an end to the almost 16-month-old war.

African Peace Initiative Mission

In an initiative dubbed African Peace Initiative Mission, the seven were the presidents of Comoros, Senegal, South Africa, and Zambia, as well as Egypt’s prime minister and top envoys from the Republic of Congo and Uganda.

The ongoing war between Ukraine and Russia is increasingly negatively affecting Africa’s economic development. Continued loss of lives, higher economic costs to trade and …

• A report by Turner & Townsend revealed that the global economy is facing intense challenges, despite expecting a robust recovery in 2022 following two tough years of the COVID-19 pandemic
• The war in Ukraine and renewed COVID-19 lockdowns in China have destabilised the supply chain further, causing widespread disruption
• Higher energy costs and climate change-induced floods, storms and fires are all combined to test the resilience of the global economy

A new report has indicated that the global economy is facing intense challenges, despite expecting a robust recovery in 2022 following two tough years of the COVID-19 pandemic.

The Global economic outlook: A disrupted recovery by Turner & Townsend revealed that despite 2022 starting on a solid base, the war in Ukraine and renewed COVID-19 lockdowns in China have destabilised the supply chain further, causing widespread disruption.

The report further noted that higher energy costs and climate change-induced floods, storms …