Equity CEO James Mwangi warns Africa faces a food and economic crisis within 3 years as fuel shocks, fertiliser disruption and debt stress converge
Billionaires Africa | 24.04.2026 22:00
James Mwangi, the chief executive of Equity Group Holdings, used the sidelines of the International Monetary Fund and World Bank Spring Meetings to issue one of the starkest warnings to come from any major African banker this year: the continent could slide into a serious food and economic crisis within 3 years if the current convergence of fuel shocks, fertiliser supply disruptions and government debt stress is not addressed urgently.
