Africa Business Connect Association (ABCA)

With many African countries highly dependent on imports of Russian and Ukrainian wheat, how will the war impact on the continent’s food security?

In late February, when Africans living in Ukraine hurried their way to safety as Russian jets and infantry began their assault on Ukraine, African governments and institutions began scrambling to contain the economic fallout that President Putin’s war will cause. Experts are predicting an inflation and food price spike will hit Africa later this year, as agricultural imports and supply chains in the region are blocked, and fertiliser and commodity prices soar.

The black soils of Ukraine and Russia, rich in minerals and organic carbon, are one of the world’s most  important breadbaskets, with roughly 25% of the world’s wheat exported from Russia and Ukraine, according to the Observatory of Economic Complexity (OEC).