Africa unveils new platform to cushion countries from Ukraine crisis shocks

Market.

Traders sell vegetables. The price of basic commodities has been affected by the Ukraine crisis. PHOTO | FILE | NMG

African countries will be able to jointly procure basic commodities, whose supply has been affected by the Ukraine crisis, following the launch of the African Trade Exchange (ATEX), a platform created to avert the effects of the war in eastern Europe on Africa.

They will be able to purchase the commodities at favourable prices.