Africa: The Consequences of the Middle East Conflict On African Economies

Africa: The Consequences of the Middle East Conflict On African Economies

Nairobi -- The effects of the conflict in the Persian Gulf are beginning to be felt worldwide. In addition to the impact on energy markets caused by the closure of the Strait of Hormuz, one of the less well-known but no less serious consequences affects African economies. This applies not only to macroeconomic effects such as inflation, rising energy prices, and budget cuts, but also to the exports of smaller producers, particularly in the food …

The fire in the Middle East will blow up East African kitchens - and stomachs

If this fight lasts six months, let alone a year, East Africa will face a very painful squeeze