Africa hit by global shockwaves from conflict

Iran-US conflict sends shockwaves through global oil markets, raising energy security concerns for Africa - African Sustainability Matters

The global energy market is once again tumbling following the latest conflict to break out in the Middle East between Iran, Israel, and the USA, which has spilled over into the neighboring Gulf countries. The war has had an immediate impact on the energy sector across the world reflected in rising prices that could exceed $100 per barrel. Attacks on energy infrastructure and shipping route disruptions, particularly in the Strait of Hormuz which …

Africa hit by global shockwaves from conflict

from MOHAMED EL KADIRI in Rabat, Morocco Morocco Bureau RABAT, (CAJ News) – AFRICA faces mounting economic strain as global volatility intensifies following the Middle East conflict. Key institutions, including the African Development Bank (AfDB), African Union Commission (AUC), United Nations Development Programme (UNDP), and United Nations Economic Commission for Africa (UNECA), have outlined urgent measures to strengthen resilience across the…