
By Easter 2026 it was still not clear when – or how – the war initiated by Israel and the US against Iran would end. But what was already clear was that it would harm Africa in a number of ways.
Firstly, it would adversely affect the global supply and prices of oil and gas, fertilisers and food. Secondly, local currencies would be affected. More than a month after the war had started a number of African currencies had begun to lose value against the US dollar.