A leading global risk consultancy says that despite the impacts of the war in Ukraine, global inflation, climate and security challenges, Africa continues to find resilience. In most African countries, natural capital accounts for between 30% to 50% of their overall wealth. Researchers say North African countries are positioning themselves as manufacturing destinations as Western countries are looking to disengage from China. The head of Africa Macro at Oxford Economics Africa, Jacque Nel, said African economies will face challenges in an increasingly competitive global environment. Access to financial services is required and supports economic growth in most, if not all, other sectors of the economy," said Nel.

Source: The North Africa Journal September 21, 2023 12:08 UTC