AFRICA RISKWATCH – ISSUE 5 – MARCH 2016
Welcome to Control Risks' Africa newsletter
In December, those of you who were looking forward to your traditional Southern African holiday break may not have been anticipating that you would enjoy one of the hottest summers ever, with recorded heatwaves and temperatures persistently exceeding 100F. El Nino, not to be overshadowed by the economic challenges facing Southern Africa, has left its mark on the region.
In this fifth edition of Control Risks’ Africa RiskWatch newsletter, we explain the devastating effect El Nino has had upon rising food prices, its contribution to power outages, its stimulation of social unrest and its inflationary impact on prices. Leading on from this, commodity prices are under pressure and we take a fresh look at the possibilities available to the extractive industries to work with governments to ensure continuation of a resilient and buoyant extractives sector.
I hope you enjoy reading it.