AFRICA'S CONFLICTS COST $100 BILLION ANNUALLY

The World Bank estimates the annual global cost of conflict at $100 billion, with Africa bearing a heavy burden that hampers long-term stability and development. The African Development Bank reports that states affected by conflict and fragility have lost half their potential GDP since 1980. Despite economic growth and entrepreneurial dynamism in some regions, millions remain in poverty, vulnerable to climate shocks, price volatility, and food insecurity primarily due to ongoing conflicts. Private sector collaboration is essential to reduce conflicts and mitigate their humanitarian and economic impacts across the continent.