A leading global risk consultancy says that despite the impacts of the war in Ukraine, global inflation, climate and security challenges, Africa continues to find resilience. A new report by Control Risks and its economics consulting partner, Oxford Economics Africa, finds that as global tensions create disruptions, they are also providing many African governments significant political, economic, and security opportunities.
The research, released on Tuesday, examines how African countries, governments, and corporations navigate a world marked by global tension and competition for resources and alliances, particularly among China, Russia, and the United States.
Patricia Rodrigues, a Senior Analyst at Control Risks, a firm specializing in political, security, and integrity risks, said Africa is attracting investment from various countries vying for support and access to the continent's economic opportunities. During the U.S.-Africa Summit in December, Washington committed to allocate $55 billion to Africa over the next three years, focusing on healthcare, trade, climate change, and women's issues.
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