{"id":14936,"date":"2022-02-28T15:33:06","date_gmt":"2022-02-28T15:33:06","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=14936"},"modified":"2022-02-28T14:42:16","modified_gmt":"2022-02-28T14:42:16","slug":"ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics","title":{"rendered":"Ukraine crisis: Impact on Angola, Mozambique economies \u2013 Oxford Economics"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Oxford Economics Africa believes that Russia\u2019s invasion of Ukraine could increase wheat prices in Angola and Mozambique, but the rise in oil and gas prices benefits the finances of these two African countries.<\/p>\n

\u201cBoth Angola and Mozambique have a very limited level of trade with Russia and Ukraine; Angola imports wheat and yeast from Russia, while Mozambique imports a significant amount of wheat and a small amount of refined oil from Russia,\u201d Oxford Economics Africa analyst who follows these two African economies told Lusa on Sunday.<\/p>\n

Read: Diversification of European markets may benefit Mozambique and Angola, says Fitch Solutions<\/p>\n

\u201cIt appears that, at least for now, Angola is generally benefiting from higher oil and gas prices, which are partially driven by the conflict,\u201d Gerrit van Rooyen said in remarks from Paarl, South Africa.<\/p>\n

\u201cHigher oil prices are positive for government revenues and for the value of the kwanza,\u201d the analyst added. If the rise is sustained, \u201cthis could increase investment in Angola and lower debt levels faster than previously anticipated\u201d.<\/p>\n

\u201cIf gas prices remain high due to the conflict, this will be positive for investments in Mozambique\u2019s liquefied natural gas [LNG],\u201d his analysis continues, since \u201cthe profits from the natural gas in the Rovuma basin could be greater than the risk of armed extremist insurgency in the region.\u201d<\/p>\n

Despite the benefits for the public accounts of the two Portuguese-speaking states, van Rooyen points out that, for the average citizen, the disadvantages outweigh the advantages.<\/p>\n

\u201cHigher oil and wheat prices is bad news for consumers, as inflation, which is already high in these countries, particularly in Angola, is expected to increase more than initially expected,\u201d he concluded.<\/p>\n

Wheat and yeast are two of Russia\u2019s top exports to Angola and Mozambique, according to data from an economic research centre sponsored by Harvard University. In the case of Angola, they represented more than 30% of purchases from Russia in 2019, followed by stamps and yeast, while in Mozambique, wheat represented more than 75% of imports from Russian, followed by fertilisers, which comprised 18% of the total by value.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Oxford Economics Africa believes that Russia\u2019s invasion of Ukraine could increase wheat prices in Angola and Mozambique, but the rise in oil and gas prices benefits the finances of these two African countries. \u201cBoth Angola and Mozambique have a very limited level of trade with Russia and Ukraine; Angola imports wheat and […]<\/p>\n","protected":false},"author":84,"featured_media":14935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-14936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nUkraine crisis: Impact on Angola, Mozambique economies \u2013 Oxford Economics - Mozambique<\/title>\n<meta name=\"description\" content=\"Oxford Economics Africa believes that Russia\u2019s invasion of Ukraine could increase wheat prices in Angola and Mozambique, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine crisis: Impact on Angola, Mozambique economies \u2013 Oxford Economics\" \/>\n<meta property=\"og:description\" content=\"Oxford Economics Africa believes that Russia\u2019s invasion of Ukraine could increase wheat prices in Angola and Mozambique, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-28T15:33:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/02\/img-621cdf34ad44b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ukraine crisis: Impact on Angola, Mozambique economies \u2013 Oxford Economics\",\"datePublished\":\"2022-02-28T15:33:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics\"},\"wordCount\":365,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/02\/img-621cdf34ad44b.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ukraine-crisis-impact-on-angola-mozambique-economies-oxford-economics\",\"name\":\"Ukraine crisis: Impact on Angola, Mozambique economies \u2013 Oxford Economics - 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