In wake of Middle East war, Africa should consider weaning itself of reliance on external financing and aid flows – experts
Parfait Eloundou-Enyegue, professor of global development at the Brooks School of Public Policy at Cornell University, raised concerns over the timing of the conflict as “strategically devastating” for Africa.
Middle East war poses threat to African economies still smarting from Covid impacts – AU, partners warn
The African Union (AU) and its partners have warned that the ongoing Middle East conflict poses a “serious risk” to African economies. In a joint policy brief issued on Saturday, the AU, the United Nations Economic Commission for Africa (UNECA), the African Development Bank and the UN Development Programme (UNDP)...
How US-Israel war with Iran has sparked global fertiliser shortage that’s hit eastern Africa hard
Iran is seriously limiting shipments through the Strait of Hormuz, a narrow passage that usually handles about a fifth of the world’s oil shipments and nearly a third of global fertilizer trade.
US President Trump’s war escalation warning pushes Asian stocks down aand oil prices sharply higher
rump again urged US allies to “build up some delayed courage” and take the lead in reopening the Strait of Hormuz, suggesting Washington may end the US-Israeli war with Iran without reopening the crucial global energy waterway, whose prolonged closure has fuelled a global energy shock and sent oil and gas prices sharply higher.
Israeli military strikes over 1,000 Iranian weapons production targets – statement
The campaign is designed to “degrade the Iranian regime’s weapons production capabilities,” it added, systematically targeting production lines to reduce Iran’s manufacturing, development and research capacity across its military industries.
