Lost in the diplomatic and development debate is the sense of underlying debt crisis and commodity export over-reliance that have long plagued the larger neighbourhood.
Russia’s exit from the Black Sea grain initiative, India’s ban on rice exports and a “strong” El Niño expected in the second half of this year mean the global food security warning lights have started to flash red.
Russia and Africa can work together to protect national sovereignty and put an end to colonialism, Russian President Vladimir Putin told African delegates at the 2023 Africa-Russia summit in St. Petersburg.
The first investments are due to begin in six counties in sub-Saharan Africa in 2025.
World trade has been falling, but we still expect growth to return this year. We do notice large shifts in world trade as advanced economies – especially the US – are diversifying input sourcing.