How Africa is cushioned from shocks of geopolitical crises
A pile of rare earth minerals. Forecasts indicate that Africa’s contribution to global rare earth mineral production could reach 10 percent in the next few years.
Africa’s sluggish participation in global trade is turning out to be the thing protecting it from the full force of economic shocks resulting from President Donald Trump’s trade war with China, and the wars in the Middle East, which risk contraction of economies, experts warn.
Africa is already bracing for energy shocks, where countries that import the bulk of their oil are faced with high fuel prices, especially after Iran chose to close the Strait of Hormuz, a major route for goods coming to Africa.
