AFRICAN Union Commissioner for Economic Development, Trade, Tourism, Industry and Minerals Albert Muchanga says many developing countries in the region will face financing shortfalls and heavy debt burdens due to COVID-19 and the continued Russia -Ukraine conflict. Speaking to journalists, Friday, Muchanga said it was expected that prices of food and energy would continue to rise, which would also see an increase in interest rates. “Let me state that as a result of the COVID-19 pandemic and the Russia-Ukraine conflict, many economies across the world face prospects of rising inflation levels and recessions. Africa will not be spared. In this state of affairs, prices of food and energy are rising. Taming inflation will lead to rising interest rates and at…...

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