Business
Fertiliser Crisis Sparks Alarming Global Food Risk
Fertiliser Supply Crisis Risk rises as ITC warns shortages could hit global food production, driving inflation and deepening food insecurity
The International Trade Centre has warned that a worsening fertiliser supply crisis risk could significantly undermine global food security, as disruptions in key shipping routes and geopolitical tensions strain agricultural supply chains across developing economies.
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The alert comes amid growing concerns that shortages in fertiliser markets may pose a more immediate threat than rising energy costs, with far-reaching consequences for crop production, food prices, and economic stability in import-dependent regions.
ITC Executive Director Pamela Coke-Hamilton said fertiliser remains a critical input for global agriculture, stressing that any prolonged disruption in supply would directly weaken food production systems, particularly in vulnerable economies already exposed to external shocks.
At the centre of the disruption is the Strait of Hormuz, a vital maritime corridor responsible for transporting around one-third of global urea fertiliser shipments.
Escalating geopolitical tensions involving Iran and the United States have contributed to shipping interruptions, tightening global supply during a crucial agricultural cycle.
The United Nations has confirmed that diplomatic engagements are ongoing to secure safe passage through the waterway, although uncertainty persists over how quickly normal trade flows can be restored.
The Fertiliser Supply Crisis Risk is expected to weigh heavily on import-dependent nations across Africa and Asia, including Kenya, Uganda, South Africa, Thailand and Sri Lanka, where agricultural systems rely heavily on timely fertiliser deliveries.
In these regions, analysts warn that delayed or reduced access to fertiliser could result in lower crop yields, particularly as farmers face narrow planting windows and unpredictable rainfall patterns. The impact could extend beyond immediate production losses into longer-term food shortages.
Experts caution that reduced fertiliser application may trigger a chain reaction of declining harvests, rising food inflation and heightened food insecurity, with sub-Saharan Africa and South Asia identified as the most exposed regions.
While some alternative supply routes exist, including potential exports from Egypt and Algeria, the ITC noted that logistical constraints and limited production capacity are likely to delay any meaningful stabilisation of global supply.
The report also acknowledged that some developing economies may see limited short-term benefits from higher energy prices, particularly oil and gas exporters such as Nigeria, Brazil, Angola, Algeria and Malaysia. However, it warned that these gains are unlikely to offset broader structural risks.
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Ultimately, the ITC described the situation as a dual economic shock, combining energy market volatility with a more immediate fertiliser supply crisis risk that threatens agricultural output and deepens global vulnerability in the months ahead.
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Business
Kola Karim’s Shoreline Group Signs $300 million Deal With Accor to Develop Nigeria’s First National Hotel Platform
Kola Karim’s Shoreline Group has signed a letter of intent with Accor, a world leading hospitality group to establish Nigeria’s first national hotel platform.
The signing took place during the Africa Forward Summit 2026 hosted jointly by Kenya and France in Nairobi.
This ambitious partnership is set to make a significant contribution to the evolving Nigerian hospitality landscape with a substantial investment from Shoreline of $300 million, leveraging Accor’s renowned brand portfolio and expertise.
As gathered the strategic collaboration aims to develop a hotel network across Nigeria, encompassing 10 hotels across eight cities and over 1,200 rooms by 2030.
These properties will span various segments, from midscale to luxury, catering to diverse travelers and contributing significantly to the nation’s tourism growth. The project also includes the establishment of a dedicated hospitality training Academy to nurture local talent and create approximately 1,000 direct jobs.
Mr. Sébastien Bazin, Chairman and CEO of Accor, stated: “We are thrilled to partner with Shoreline Group to unlock the immense potential of Nigeria’s hospitality sector. This partnership is a testament to our belief in Nigeria’s dynamic future.
“By combining Shoreline’s deep understanding of the local market with Accor’s global expertise and diverse brand portfolio, we are poised to create an unparalleled hospitality offering that will set new benchmarks for quality and service.
“Crucially, the establishment of the Accor Academy is integral to this vision, enabling us to deliver immediate talent development for the Shoreline hotel portfolio, demonstrate our long-term commitment to Nigeria through dedicated training facilities, and solidify Accor’s position as the employer and educator of choice in West Africa.”
The Agbaoye of Ibadanland and Chairman of Shoreline Group, Karim, commenting on the development said: “This partnership is central to Shoreline’s strategy of building institutional-quality infrastructure platforms across Africa.
“We anticipate hospitality infrastructure becoming increasingly vital for capital movement and development, particularly in Nigeria where high-quality room supply is underserved. Our choice to partner with Accor highlights our focus on operational excellence and long-term value.
“The hospitality academy is crucial, alongside physical hotels, for developing local talent to sustain international standards. It will support our portfolio and enhance Nigeria’s hospitality workforce.
“This investment aligns with Shoreline’s broader focus on strategic assets in energy, infrastructure, and industrial development. We view hospitality as a natural extension: real infrastructure supporting economic activity, local capability, and national growth.”
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