Browsing: Sahel

A Russian invasion of Ukraine has sent shockwaves through financial markets. www.theexchange.africa

Every African region has felt the effects of Russia’s invasion of Ukraine, with West Africa also bearing the burden of a war miles away in Europe.

  • At a period when West Africa has been facing a severe food crisis since 2011, the Ukraine conflict has complicated matters further.
  • For most West African nations, the expenses of regulating rising prices are already too high.
  • The West African economic crisis and the Russia-Ukraine scenario highlight the perilous linkages between diplomatic sanctions, commerce, and food security.

Africa's post-Covid recovery hampered

The Russian-Ukrainian conflict has hampered Africa's potential recovery from the COVID-19 pandemic by raising food and fuel costs, interrupting the trade of services and goods, constricting fiscal space, limiting green transitions, and slowing the flow of development funding across the continent.

The crisis has jeopardized homes, communities, and nations across Africa. Before 2020, African countries were among the world's fastest-growing. The COVID-19 pandemic…

African agriculture has remained resilient despite the recent health crisis occasioned by the Covid-19 pandemic.

Unlike food insecurity which has persisted on the continent for decades, the continent has been relatively successful at stemming the virus which has claimed millions worldwide. Unlike in other cases, the continent has- especially in West Africa- had particular success at stemming the rate of infection. There is no conclusive reason as to why this has been the case.

However, continent-wide, the virus that remains elusive at getting a cure is hunger.

Read: Ecosystem degradation costs Africa USD 68 billion yearly

Africa has the potential to become the breadbasket of the world yet it is spending an estimated US$ 35 billion a year importing food. With this reality, stakeholders are getting together to pull Africa out of this perennial inadequacy.

In January, more than 100 European and African actors signed a charter of commitment to …