Browsing: Trade Between Ukraine and Africa

• 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 …

Ethiopia is the biggest Wheat producer in Africa, producing about 5.1 million tonnes in the 2020/2021 financial year. Russia’s restriction on the importation of Wheat has created a business gap in the African market and all over the globe.

Russia and Ukraine account for more than 70 per cent of Egypt’s imported wheat demand. In 2019, wheat imports from Russia to Egypt were worth US$2.55 billion, and Nigeria’s imports amounted to US$394 million. Other countries that import Russian Wheat include Sudan, Senegal, Tunisia and Morocco. Ethiopia will hold talks with Egypt and Sudan in March 2022 over the Nile waters’ use. Both countries are importers of Wheat, and production in Ethiopia could fulfil the demand from these two countries without exerting pressure on their production.…