• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Ukraine war: 41 African Countries face maximum exposure in ‘three-dimensional crisis’

3 years ago
in Agribusiness, Business, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
164
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ukraine war: 41 African Countries face maximum exposure in ‘three-dimensional crisis’

A United Nations report has found that more than 70% of Africa’s economies are at severe risk from Russia’s war in Ukraine. The African Development Bank is one of several international organizations, including UN specialized agencies and development lenders that are considering a plan to boost food production in Africa and avert a heavy toll on the African continent.

UN Secretary-General Antonio Guterres announced the establishment of the 32-member UN Global Crisis Response Group —which he chairs—in March. Its members are the heads of the various organizations. Its first brief, released on Wednesday in New York, found that 41 African countries face maximum exposure to at least one emergency caused by the war.

“The war is supercharging a three-dimensional crisis – food, energy and finance – that is pummeling some of the world’s most vulnerable people, countries and economies,” Guterres warned at a virtual press conference.

The Global Crisis Response Group will help decision-makers around the world mobilize solutions and develop strategies and recommendations to help all countries—including the most vulnerable—weather the interlinked crises. Preliminary analysis suggests that as many as 1.7 billion people in 107 economies are exposed to at least one of the three risks highlighted by the Global Crisis Response Group.

Read: eNaira ranked No 1 retail CBDC globally

The UN report calls for immediate and efficient use of all existing mechanisms to help countries directly suffering from the war and its consequences. Guterres said action plans recommended by Global Crisis Response Group target Africa particularly. African countries are among the most vulnerable to the looming crisis.

RelatedPosts

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

African Development Bank Group President Dr. Akinwumi A. Adesina said the emergency food plan would build on the success of existing programs, such as the African Development Bank’s Technologies for African Agricultural Transformation (TAAT) initiative. TAAT has provided 11 million farmers across 29 African countries with such technologies as drought-resistant maize, heat-resistant wheat, and higher-yielding seed varieties.

Adesina said the African Development Bank’s plan could help 40 million farmers increase their harvests of heat-tolerant wheat varieties, rice, soybean and other crops to feed about 200 million people.

“If ever there was a time to drastically raise food production in Africa, it is now,” the Bank Group president said.

During Wednesday’s briefing, Guterres announced the appointment of six heads of state as global champions to drive global advocacy and foster the needed political will to spur action.

They are President Macky Sall of Senegal, who currently chairs the African Union; Danish Prime Minister Mette Frederiksen; President Joko Widodo of Indonesia; German Chancellor Olaf Scholz; Prime Minister Mia Mottley of Barbados; and Prime Minister Sheikh Hasina of Bangladesh.

Prices of food, energy, and fertilizer have risen sharply, with increasing risks of global instability, given that Russia and Ukraine are among the world’s breadbaskets.

“We need really to have a sense of urgency – restrictions need to be abolished, there should be no hoarding of any of these products and most importantly, we need to use immediately the financial instruments available,” Guterres said.

Russia and Ukraine provide around 30% of the world’s wheat and barley, one-fifth of its maize, and over half of its sunflower oil. At the same time, Russia is the world’s top natural gas exporter, and second-largest oil exporter. Russia and its neighbor Belarus export around one-fifth of the world’s fertilizers.

Source: AfDB
Via: norvanreports
Tags: African Development BankRussia and UkrainTechnologies for African Agricultural Transformation (TAAT) initiativeUkraine war: 41 African Countries face maximum exposure in ‘three-dimensional crisis’United Nations
No Result
View All Result

Highlights

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

Morocco and Madagascar set up Historic CHAN Final in Nairobi

US Open: Defending Champions Swiatek and Sinner Cruise Into Second Round

Otto Addo Names Strong 24-Man Squad As Black Stars Prepare For Crucial World Cup Qualifiers Against Chad and Mali

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

Trending

Business

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

August 27, 2025

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports The Importers and Exporters...

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

August 27, 2025

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

August 27, 2025

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

August 27, 2025

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

August 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.