Commodity prices have also risen due to the more disciplined operations of the global commodities sector, especially with regard to the implementation of environmental, social and governance principles in mining operations. Geopolitical challenges in 2022 have led to a number of countries turning to Africa to fulfill their requirements, and increased demand, for commodities. For Africa to make the most of the boom in commodities prices, the continent must address these challenges, especially in terms of infrastructure developments. The report pointed out that there are already positive indicators of forthcoming investment, including the rise in commodity prices. Africa can benefit both from the rise in commodity prices and the demand for renewable energy, but it needs the infrastructure to do so.

Source: The North Africa Journal June 01, 2022 13:08 UTC