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The current El Niño is expected to be one of the most powerful events in the modern historical period, since about 1950.
Dry weather in West Africa from El Niño could impact cotton production, worsening a projected global deficit for the upcoming season.
The primary impact of the current El Niño on West African cocoa crops is not expected to be seen until the 2027-2028 season.
A surge in intra-African trade and the growth of mid-sized companies has created a potential revenue pool of 250 billion rand ($15.4 billion) for lenders.
An El Niño event in the Pacific Ocean has been officially declared for the first time in three years.
In the United States, an El Niño is declared when a specific stretch of the Pacific Ocean becomes 0.5°C warmer than its normal or neutral phase.
The current El Niño event is predicted to last for several months and potentially into early 2027.
El Niño is expected to cause drier conditions across the northern third of Africa from approximately July to September.
Southern Africa is expected to experience drier conditions due to El Niño starting around November.
Eastern Africa is expected to receive extra rainfall later in the year as a result of the El Niño event.
Uganda has become a top global producer of robusta coffee, increasing the world's reliance on its supply.
El Niño is expected to cause wetter weather in Uganda, which could negatively impact the country's coffee harvest and crop quality.