The ripples of the US-Israel on Iran are fuelling inflationary pressures across Africa through higher energy and fertiliser prices, threatening a fragile economic recovery.
Most of Africa’s 54 countries depend on fuel imports and have experienced sharp increases in fuel prices, driven by disruptions to Middle East exports and the surge in global prices. Most are just getting over the price shocks caused by Russia’s war with Ukraine, which started in 2022 and has hurt many African countries that…
Iran war delivers new inflation stress to African economies emerging from older shocks
