Amid the war in Ukraine, surging inflation, and an appreciating US dollar, many African countries are struggling to keep up with the rising costs of food imports. By increasing the production of fertilizers and wheat, the continent can strengthen its resilience to external shocks and feed much of the world’s population.
CAIRO – Despite containing 60% of the world’s uncultivated arable land, Africa has been a net food importer for decades. According to the most recent estimates, food imports are the biggest budget item for many countries across the continent. Amid surging food prices and an appreciating US dollar, Africa’s food bill has soared as well, undermining African countries’ economic growth, debt sustainability, and political stability.
CAIRO – Despite containing 60% of the world’s uncultivated arable land, Africa has been a net food importer for decades. According to the most recent estimates, food imports are the biggest budget item for many countries across the continent. Amid surging food prices and an appreciating US dollar, Africa’s food bill has soared as well, undermining African countries’ economic growth, debt sustainability, and political stability.