The Prime Minister also pointed to risks in agriculture, noting that Gulf states supply a significant share of fertilisers used across Africa. He warned that disruptions could reduce crop yields...
By
Salome Gregory
Mwananchi Communication Ltd
Dar es Salaam. Tanzania has warned that the escalating Middle East conflict could disrupt fuel supplies, worsen food insecurity and weaken tourism across Africa, urging swift diplomatic efforts to prevent wider economic fallout.
In an opinion article published by CNBC Africa, Prime Minister Mwigulu Nchemba said African economies were already beginning to feel the effects of the crisis and called for urgent international action to restore stability.
Tanzania is sharpening its economic contingency planning as rising instability in the Gulf continues to drive up fuel, freight…
Food production in many African countries depends heavily on fertiliser imported from the Gulf through the strait of Hormuz
Yara CEO warns of global auction that would leave poorest countries scrambling for supplies they can ill afford
Growers face soaring fertiliser and fuel costs as shipping choke point of the strait of Hormuz hits supply chains
Ask a bodaboda rider in Kariakoo, Dar es Salaam, how he feels about the Strait of Hormuz, and he’ll likely stare at you blankly.…
Rising energy prices threaten to stoke inflation and hobble economic growth in countries around the world.
