African countries are feeling the economic fallout from the ongoing conflict in the Middle East, with rising fuel and fertiliser prices threatening to drive up food costs, according to trade ministers from the region and the United Nations’ top trade official.

The crisis around the Strait of Hormuz due to the United States and Israel’s war on Iran needs to be resolved “sooner rather than later”, Luz Maria de la Mora, director of the Division on International Trade and Commodities at UN Trade and Development (UNCTAD), told Al Jazeera at the World Investment Forum on Monday. She warned that soaring fertiliser prices could affect harvests next year.

“Prices of fertilisers have risen dramatically … so many countries have decided to reduce the use of fertilisers, which will have an effect next year in terms of crops,” she said.

“It may have an effect on availability of food and prices of food.”Luz Maria de la Mora, director of the Division on International Trade and Commodities at UN Trade and Development [Urooba Jamal/Al Jazeera] US-Israel war on Iran has highlighted the world’s heavy reliance on the strategic waterway through which one-fifth of global oil and liquefied natural gas trade previously passed.

Against this backdrop, Doha hosted UNCTAD’s World Investment Forum on October 25 and 26, bringing together heads of state, policymakers, CEOs and investors to discuss global investment and sustainable development.

The Strait of Hormuz’s disruption has rippled through African economies. In Zimbabwe, rising fuel and fertiliser prices are a critical concern in a country where more than 70 percent of the population depends on agriculture, Monica Mutsvangwa, the country’s minister of women affairs, community, small and medium enterprise development, told Al Jazeera.

Uganda, another heavily agrarian economy, has also been hit, with fuel prices more than doubling, Sanjay Tanna, the country’s minister of trade, industry and cooperatives, told Al Jazeera.

The impact extends beyond the immediate cost of energy. Rising oil prices have disrupted supply chains, with effects lasting longer than anticipated, according to de la Mora. “The effects are lasting longer than we would have expected or would have wanted,” she said. ‘Friend to all, enemy to none’The shock has also exposed differences in how African economies weather global disruption.

Uganda’s reliance on subsistence farming has helped cushion the impact, with domestic food production offering some protection from international market volatility, said Tanna.

But the country has not been insulated from financial pressures: its currency has lost 10 percent of its value against the US dollar, the minister said. The Ugandan shilling has steadily declined since mid-2026.

For Zimbabwe, the crisis has reinforced the importance of attracting investment while maintaining economic ties across geopolitical divides.

Monica Mutsvangwa, Zimbabwe’s minister of women affairs, community, small and medium enterprise development [Urooba Jamal/Al Jazeera] Amid the simmering trade war between the US and China, Harare considers itself a potential partner to investors from either side, Mutsvangwa said. “We are a friend to all and an enemy to none,” she said.

“Money has no color … If we get an investor who comes into our country, follows the rules and regulations of the country, makes his money, and Zimbabwe develops, that’s what we want.”The official pointed to Zimbabwe’s deposits of more than 60 critical minerals, including lithium and graphite, as well as its tourism potential.

Trade in an unequal system But attracting foreign capital remains a challenge for developing economies, with investment concentrated in a relatively small number of countries.

That concentration is “very understandable”, de la Mora said, arguing that investors need confidence that their money will generate returns.

“Capital is risk averse. Capital needs to have certainty that its investment is going to yield returns and it’s going to come to fruition,” she said.

Governments can help build that confidence through transparent institutions, the rule of law and investment in infrastructure, including reliable electricity, energy supplies and digital connectivity, she added.

The question of whether the international trading system treats all countries equally prompted a more blunt assessment from Uganda’s trade minister.

“Of course not,” said Tanna. “The world cannot be equal … It’s unfair, but we believe that, within the space that we are in, we are in a good space.”Sanjay Tanna, Uganda’s minister of trade, industry and cooperatives [Urooba Jamal/Al Jazeera] Uganda was well placed for the future, he argued, because it produces its own food – an advantage at a time when international supply chains are under pressure.

For both Uganda and the Republic of Congo, building resilient economies also means investing in younger generations.

The Republic of Congo’s Deputy Prime Minister for Coordination, Development Infrastructure and Land Planning, Jean-Jacques Bouya, said the country had aligned its national development plan, Vision 2063, with the African Union’s broader development ambitions.

Connectivity – through electricity, digital infrastructure and physical links – is central to that strategy, he told Al Jazeera.

The Republic of Congo also wants to expand local processing so that more value from its natural resources remains within the country.

“Africa can no longer be a reservoir of raw materials, and neither can Congo – a place where raw materials are extracted, taken elsewhere, processed and then sold back to us at a much higher price. We cannot go on like this,” Bouya said.