Published on : 07/05/2022 – 04:40
« An unprecedented crisis for the African continent UN economists are worried. The repercussions of the war in Ukraine are severe, with African countries particularly hard hit by the price spike.
Future times will be tough, especially for the 15 million Africans who have fallen into extreme poverty during the pandemic. The war created an inflationary wave, especially in Zimbabwe and Sierra Leone. The main economist of the Development Assistance Program (UNDP), Raymond Gilpin, is not reassuring.
« We can see that there should be tensions in certain hot spots. This is the case in the Sahel, for part of central Africa, and also in the Horn of Africa. The impact of the war in Ukraine on the poorest, especially in the cities, could lead to violent riots. »
High energy prices
Investments are also suspended. A major steelworks project in Nigeria in partnership with Russia, which was supposed to create 100,000 jobs, has come to a halt. This is also the case for a fertilizer factory in Angola: “ All of this will impact earning capabilities and productivity across the continent. »
Energy prices are also skyrocketing. Despite the efforts made in recent years, the UNDP fears that millions of households will return to more polluting energy sources, thus worsening the climate situation.