In a statement issued by the centre, SEREC noted that countries across Africa, particularly those heavily dependent on imports, could face serious economic pressures if the geopolitical standoff disrupts global trade routes.
The communiqué, signed by SEREC’s Head of Research, Eugene Nweke, warned that rising global oil prices and shipping costs could trigger higher fuel and food inflation across African economies. According to the centre, the situation may also place additional pressure on local currencies, increasing the likelihood of depreciation.
SEREC also cautioned that maritime security could deteriorate if tensions escalate, with shipping routes becoming increasingly unstable. As a result, African nations may need to strengthen naval cooperation and surveillance efforts to protect key trade corridors, especially within the Gulf of Guinea.
