Tag: Russian-Ukraine War

Eat Cassava If Wheat Is Expensive, President Museveni Tells Ugandans

23May

By Chukwuebuka FestusNo Comments

Agriculture, Cost of Living, Economy, News, Uganda

Eat Cassava If Wheat Is Expensive, President Museveni Tells Ugandans

Ugandan President Yoweri Museveni says his government will not intervene in the current economic situation amid a rising cost of living. Prices of petroleum products, imported raw materials and food have been rising in recent months, a crisis being experienced globally following the war in Ukraine. In a televised national address on Sunday night, Mr Museveni said that government subsidies or removal of import taxes would collapse the economy. There would be a haemorrhage of dollars from the national reserves for the purchase of those expensive products, he added. Read Also: Peter Obi Warns That Nigerians Now Spend 100% Of Salary On Food Mr Museveni said Uganda will need to frugally use the imported items it can afford. He advised citizens to substitute expensive whea...

20 Million Farmers In Africa To Benefit From $1.5 billion Emergency Food Facility

The African Development Bank has approved a $1.5 billion emergency food production facility for 20 million farmers on the continent. This is aimed at reducing the looming food crisis driven by Russia's invasion of Ukraine, the bank announced on Friday. Russia’s invasion of Ukraine is further disrupting a global and liberalized food system that was already undermined by COVID and the unfolding climate crisis. Read Also: Kwara State to Partner AfDB on Infrastructure Devt., Women Empowerment The funding is meant to assist Africa overcome a shortage of at least 30 million metric tonnes of food due to the disruption of global food supplies caused by the conflict in Europe, especially for wheat, maize and soybeans imported from Russia and the Ukraine. The facility was designe...

Ethiopians Storm Russian Embassy To Enlist For War

Dozens of young Ethiopians continue to gather at the Russian embassy in the capital, Addis Ababa, on Tuesday following rumours of soldiers being recruited to fight in the war in Ukraine. But the embassy’s spokeswoman, Maria Chernukhina, said no recruitment was being carried out in Ethiopia. She said the crowd was showing solidarity with Russia. "We have a lot of visitors to the embassy in order to express support for Russia," she told the BBC. "Some of them are telling us they are willing to help in any way they can. But we are not a recruitment agency," Ms Chernukhina added. Read Also: Drunk Soldiers Kill 15 in DR Congo Many of the Ethiopians at the embassy were seen carrying their personal documents. A young man waiting at the entrance told the BBC that he's loo...