The rising tensions involving the United States, Israel, and Iran could affect Africa’s economy, particularly through higher energy prices and disruptions to global trade.
This warning was given by the Director-General of the World Trade Organization, Prof. Ngozi Okonjo‑Iweala, during an interview on the BBC Focus on Africa.
The Nigerian economist explained that although Africa is not directly involved in geopolitical rivalries between global powers, the economic consequences could still reach households across the continent.
Okonjo-Iweala said one of the most immediate impacts would likely be higher global energy prices.
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She explained that increasing tensions in the Middle East could disrupt oil supply chains. If that happens, fuel prices may rise across international markets.
Higher fuel prices would increase transportation and production costs in many African countries. For households already struggling with inflation, this could mean higher prices for food, electricity, and other basic goods.
Despite these risks, Okonjo-Iweala noted that Africa may be less exposed to direct geopolitical conflicts than other regions.
Many African economies are not deeply tied to the power rivalries shaping global politics. This could provide the continent with some economic protection.
She said African countries could strengthen this advantage by expanding regional trade and economic cooperation.
Okonjo-Iweala also pointed to a long-term opportunity for the continent.
With a population of about 1.4 billion people, Africa is becoming one of the fastest-growing consumer markets in the world.
According to her, deeper economic integration, better infrastructure, and improved trade systems could help African countries turn global shocks into opportunities for growth.
Her remarks come at a time when global tensions are raising concerns about the future of international trade and energy markets.
Conflicts in strategic regions could reshape global supply chains and economic stability.
For Africa, the challenge will be to manage short-term economic pressures while positioning the continent to benefit from its growing population and expanding markets.
