Before this, was the announcement by President Vladimir Putin ordering a partial military mobilization, and threatening nuclear strikes against Ukraine. The four annexed regions make up about 15 percent of Ukraine’s territory. Hitherto, Russia has unilaterally declared its annexation of four Ukrainian oblasts of Luhansk, Donetsk, Zaporizhzhia, and Kherson. (Read: How Africa Can Benefit From the Russian-Ukraine Conflict)Īs the war rages on six months down the line, countries in the continent have remained resilient, still grappling to build back and better, their economies. ![]() First dealing with the unprecedented storm brewed by the COVID-19 pandemic that caused the worst recession in more than half a century.Īnd just when recovery was finally ashore and an economic rebound was on the horizon, the Russia and Ukraine crisis hit disrupting global supply chains and resulting in the worst inflation on record. ![]() Most African economies have been teetering on the edge of a precipice for the past two years.
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