Browsing: Russia-Ukraine crisis

Trends suggest Kenya has outstanding resilience due to the quick bounce seen after the last election. Analysts believe the future leader must actively concentrate on transformation to allow the coupling of infrastructure investments to overall sustainability.

The future administration must establish legislation supporting political stability and social harmony to unleash industrial sector development. The adjustments will generate jobs, attract international investors, and lessen import dependency.…

Again, the blatant abuse of, and racism against Africans in Ukraine is another knocker that will not see Africans get swayed easily since they feel they are still being treated like lesser humans.

For America and its allies to gain Africa’s support on any agenda they have, they have to do a lot more to convince Africans than they have had to prior to the covid-19 menace and the Russia-Ukraine crisis.

It is evident that the US, Europe and their allies do not care much for Africa. During the pandemic, the US, Europe and their allies hoarded vaccines and denied the continent the opportunity for equal and timely administration. This, however, was a blessing in disguise in that the vaccines have largely proven not to be effective. A win for Africa!

Since Russia’s operation started in Ukraine, a powerful alliance of friends has worked together to isolate the largest Slavic …

Since the beginning of the Russia-Ukraine crisis, fertilizer prices have risen by 21 per cent.

It was noted that “the recovery of Africa has been impeded by greater inflation and tighter global financial conditions as well as rising interest rates,”

To counter external shocks, such as the Ukraine crisis, she urged public and private sector partnerships to enhance intra-African agri-food, industry, and service trade. She also urged the continent’s recovery from Covid-19 to get back on track.

When asked if Africa needs a second Marshall Plan, Keita said that Africa already has an effective one, in the AfCFTA, that may help it prepare for unpredictable times.…

In the construction sector, the price of steel and cement has increased exponentially. And, things are not getting better.

The Kenya Transporters Association has instructed its members across the country to raise freight rates by at least 5 per cent in order to maintain their companies under the current circumstances. The notification issued on March 14 was to help the freighters avoid a total collapse of the sector.

In a petition to parliament, the Consumers Federation of Kenya called for the elimination or reduction of the current 16.5 per cent value-added tax on liquefied petroleum gas to 8.5 per cent.

Pressure from the International Monetary Fund (IMF) put the treasury under pressure to increase the VAT on all petroleum goods in 2018. The IMF said that the implementation of the VAT would ensure that the government is able to meet its financial obligations.…

Countries like China, the United States, Canada, the United Kingdom and Australia have already made significant investments in natural resources mining in Africa such as cobalt, lithium, copper, iron, and gold.

Africa’s top nickel producers are Madagascar, Zambia, Zimbabwe, South Africa and Côte d’Ivoire.

China’s Tsingshan Holding Group is the world’s largest nickel producer and it has an enormous investment in Zimbabwe.

Tsingshan Holding Group, however, faces US$8 billion in trading losses from the Russia-Ukraine crisis due to expectations that nickel prices will go down. In Zimbabwe, the Chinese company is building Africa’s largest iron ore mine and steel plant. The project is expected to be the Southern African country’s largest employer. With the ongoing crisis, losses could put Tsingshan’s investment in Zimbabwe at risk.…

Prices of essential and non-essential commodities will increase as fuel and gas prices skyrocket due to dwindling supplies. Air and marine freight prices have increased significantly. As a result, customers should brace for price increases caused not by the government’s actions but by direct and indirect conflict repercussions.

Numerous businesses have been forced to reduce or halt output due to the economic crisis. Zimbabwe is in danger of exhausting what remains of its productive capability unless drastic measures are taken to pique the interest of foreign investors.

Russia is the world’s second-largest supplier of petroleum products. Now that they are embroiled in a conflict with Ukraine, they cannot supply numerous markets, resulting in supply limits. When supply falls far behind demand, prices tend to rise, which is our situation.…