Extreme weather conditions, whether in the form of floods or drought, are wreaking havoc across the continent.
Several African countries, including Nigeria, are experiencing abnormal levels of rain, while others, including Kenya, are experiencing an extreme drought, both of which are risks to food production. The extreme weather conditions across parts of the continent are driving up food prices and underpinning food price inflation. This suggests that policymakers in these countries may have to remain hawkish in the months ahead to combat inflationary pressures.