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Fact Check: How Bad Is The Food Crisis Globally?
Over 200 NGOs have written an open letter to world leaders asking for decisive international action to ‘end the spiralling global hunger crisis. In the letter addressing world leaders gathered in New York for the United Nations General Assembly on Tuesday, 238 organisations from 75 countries – including Oxfam, Save the Children, and Plan International –…
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How Increasing Cost Of Fertilizer Is Affecting Food Security In Africa
The Russian invasion is having far-reaching repercussions on many countries around the world, including in Africa, where it is majorly affecting food security. From shortages in wheat supply to shortages in crop fertilizers caused by sanctions on Russia, Africa suffers the shockwaves of the European war despite being geographically removed from the conflict. According to…
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World Bank To Loan The Gambia $68m To Revive Tourism Sector
The Gambia has recently signed a deal with the World Bank to loan up to $68 million that would be used to revive the country’s tourism sector. The grant would promote diversification and climate resilience of tourism and help protect the Atlantic coastline of The Gambia, a country of about 2.1 million inhabitants surrounded by…
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Ghana To Begin Talks With IMF As Inflation Rates Reach An 18-Year High
Last week, hundreds took to the streets of Ghana’s capital, Accra, to protest the country’s spiralling inflation and other economic woes. Perhaps the two-day protest influenced the government’s decision to reconsider its previous stand on seeking financial aid from the International Monetary Fund (IMF). The West African country’s cabinet supported the decision at a meeting…
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Inflation Rates In Zimbabwe Surges To 191% in June 2022
According to the latest figures from the Zimbabwe National Statistics Agency, the country’s annual inflation rate reached 191% in the second quarter of the year. Weeks into the Russian invasion, Zimbabwe’s inflation rate shot up from 66% to more than 130% in May. In two months, it increased again to verge on 200%. In the same…
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How Russia’s Invasion Of Ukraine Affects Food Prices Globally
As Russian troops intensify their assault in Ukraine, seizing control of major Ukrainian cities like Kherson, wheat, corn and vegetable oil prices have risen by double-digit percentages. Wheat currently retails at $900, its highest in 14 years. Ukraine, a major exporter of grains and sunflower oil have shut down all ports until the end of…