Middle East crisis strains African economies

by MOHAMED EL KADIRI
RABAT, (CAJ News) – AFRICA faces mounting economic strain as global volatility intensifies following the Middle East conflict.

Key institutions, including the African Development Bank (AfDB), African Union Commission (AUC), United Nations Development Programme (UNDP), and United Nations Economic Commission for Africa (UNECA), have outlined urgent measures to strengthen resilience across the continent.

Speaking on the sidelines of the Economic Commission for Africa session, AUC chairman Mahmoud Ali Youssouf warned: “Continued escalation of the conflict worsens global instability, with serious implications for energy markets, food security, and economic resilience, particularly in Africa where economic pressures remain acute”.

The report emphasizes that Africa is experiencing faster and more concentrated economic shocks than in previous crises.

Oil prices have risen by over 50 percent, while 29 African currencies have weakened, increasing import and debt-servicing costs.

Disruptions in Gulf energy supplies are limiting access to key agricultural inputs like ammonia and urea, threatening food production during critical planting months.

Describing the situation as pivotal, Claver Gatete stated: “Africa has been hit by too many external shocks not of its making…

This moment calls for decisive action, to protect people now, but also to accelerate Africa’s long-term push towards energy security, food sovereignty, and financial self-reliance.”

Similarly, Ahunna Eziakonwa stressed: “With the right mix of policy choices, financing tools, and political resolve, Africa can weather this shock and emerge more resilient.”

The institutions recommend immediate interventions to stabilize essential supplies, medium-term reforms under the African Continental Free Trade Area (AfCFTA), and long-term financial independence strategies.

“As global crises multiply, Africa’s response must evolve from managing shocks to fostering resilience,” said Sidi Ould Tah.

Strengthening regional integration and investing in self-reliance will be critical for Africa’s future stability.

– CAJ News