The Middle East war "presents a serious risk to Africa", the African Union and the African Development Bank (AfDB) said in a report seen by AFP Saturday. The conflict threatens to increase the cost of living and curtail growth on the continent, the report warned. The growth rate of most African countries continues to be slower than before the Covid pandemic, it noted. Currencies hitThe report was compiled by the UN Development Programme (UNDP) and the United Nations Economic Commission for Africa (UNECA). Kenya is establishing itself as a logistics hub in East Africa, while Ethiopian Airlines, the leading carrier in Africa, is serving as an "emergency air bridge" between the continent, Asia, and Europe, the report noted.

Source: Ethiopian News April 05, 2026 09:48 UTC