The Ongoing Geopolitical Crisis in Europe has resulted in supply disruptions of various commodities, exacerbated inflation on a global scale, and resulted in multi-year high valuations of goods in the global market at a period the global community is beginning to recover from the economic effects of the Covid-19 pandemic.
The war, which began on February 24 when Russia launched its first of many attacks on Ukraine, has exposed the vulnerability of global supply chains and raised the spectre of food shortages in many countries, especially those dependent on Ukraine and Russia for imports of key staples.
In Africa, the impact of the crisis on food security has accelerated into a worrisome challenge, triggered by price shocks and disruptions in the supply chain of the food commodity, as the world’s second-most populous continent is heavily reliant on food imports from both countries.