According to the latest African Economic Outlook report by the African Development Bank, Russia’s invasion of Ukraine and lingering effects of the COVID-19 pandemic pose huge challenges to the continent. The bank’s president, Akinwumi Adesina, said at the launch of the report that it will take a great deal of effort for Africa to fully recover. The war cut off wheat exports from Ukraine, pushing food prices higher across Africa. “For Africa to get out of this mess they have to look into local production, our economy must be inward looking at this point in time. There are some inputs that are in short supply, a typical example is fertilizer and I think that African economies must be able to set up a fertilizer plant to produce their own fertilizer.

Source: Ethiopian News May 27, 2022 16:10 UTC