Nearly 50 nations, many low-income and numerous in Africa, depend on Russia and Ukraine for much of their wheat, as well as other grains and cooking oils. Moneyweb foodsupply Ukrainewar
Stark warnings of a looming global food crisis spark fear as millions of people will likely descend into hunger in the coming months. As the New York Times put it, for the global food supply “there are few worse countries to be in conflict than Russia and Ukraine.” Nearly 50 nations, many low-income and numerous in Africa, depend on these two countries for much of their wheat, as well as other grains and cooking oils.
South African stokvels are community generated, self-run savings clubs where members pay a monthly fixed sum and take turns collecting the funds accumulated. Clubs multiplied during the 1990s and 2000s, bolstered by growing confidence among Black and brown South Africans after achieving democracy, and in the face of urgent needs during the HIV/AIDS pandemic. Stokvels are much more than a piggy bank for enforced savings.
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