The Ukraine Crisis and African Economies: Session I & II

13 December 2022. From rising fuel and food prices to inflation and supply chain disruptions, the Russia-Ukraine war has taken its toll on Africa's economies and food systems, with varying implications for rural and urban populations across various commodity sectors. The intensification of the Ukraine-Russia conflict in February 2022 has disrupted the global supply chains of agricultural and food commodities, which had only just started recovering from COVID-19-induced shocks. 

With Russia and Ukraine as major global players in several agricultural and food markets, what are the impacts of the conflict on African economies? How has the Russia-Ukraine crisis affected the food and commodity supply chain? What are the ramifications for food security, equity, growth, employment, and poverty?

The AKADEMIYA2063 Ukraine Crisis webinar series tackles the foregoing questions and equally discuss policy options for Africa's response to the impacts of the Russia-Ukraine war, with in-depth analysis of the policy implications.

Based on AKADEMIYA2063's Ukraine Brief 5, "Growth and Employment Effects Among Selected African Countries", and Brief 6, "Poverty and Food Security Effects Among Selected African Countries", the session addressed the changes in selected country's terms of trade (TOT) as a result of the crisis. The speaker equally discussed the channels through which global market disruptions are transmitted to individual country economies and the effects of the disruption on inflation, household incomes, and food security outcomes in selected African countries.

29 November 2022. Session I of the AKADEMIYA2063 Ukraine Crisis Webinar Series delved into the key findings from AKADEMIYA2063's analysis of the impact of the Ukraine war on African economies. 

It covered the effects of global market disruptions on country terms of trade, the resulting implications for economic growth and employment, and poverty and food security effects. 

Based on AKADEMIYA2063's Ukraine Brief 12, themed "Impacts on Trade, Growth, Poverty, Food Security, and Employment: Summary of Findings and Policy Implications", the session  addressed the transmission of global commodity price shocks to domestic markets and the opportunities to expand regional trade in food products in response to the crisis, equally addressing disruptions in the fertilizer sector and the impacts on productivity, agricultural value-added, incomes and food security. 

Panelists equally discussed the sectoral effects of the crisis, covering disruptions in the various commodity sectors and their effects on incomes, inflation, and food security.