inflation

Inflation, a relentless specter haunting the African continent, burdens both individuals and enterprises. Though inflation is not unique to Africa, the continent's fragile economies, heavy import dependence, and capricious global influences exacerbate its impact manifold. This situation makes it exceedingly arduous for citizens to afford essentials and maintain business sustainability. But why does this happen with such intensity in Africa? Several factors contribute…

FILE PHOTO: A worker cradles freshly baked bread at a bustling Nairobi supermarket, May 8, 2017. Picture taken May 8, 2017. REUTERS/Baz Ratner/File Photo Purchase Licensing Rights There's a new wind blowing through Kenya’s financial corridors, touched by whispers of "Did you hear about the inflation twist?" The statistics office is sharpening its pencils and rolling out core inflation data for the first time. It's a tale as rivetting as any economic thriller (if such a thing exists). The move is akin to giving a GPS to…

An employee clutches some bread loaves in a Nairobi supermarket, Kenya on May 8, 2017. © Baz Ratner/Reuters File Photo Hold onto your hats because Kenya's inflation (KECPI=ECI) dipped to 3.6% in September, compared with 4.4% in the prior month, as revealed by official statistics on Wednesday. According to the Kenya National Bureau of Statistics, month-on-month inflation showed a slight uptick of 0.2% from a stagnant 0.0% the previous month. Aiming for a sweet spot, Kenya eyes an inflation rate between 2.5% and 7.5% over…

Ethnic clashes have claimed at least 17 lives in Sudan's Darfur region. Observers blame. Arab militias for launching attacks to settle land and livestock disputes. The cost of living for Ghanaians is at its highest for almost 6 years. Rising prices for basic commodities such as water and oil are leaving families and businesses struggling. And the Congolese authorities are committed to repressing poor quality construction after a tragic accident in Kinshasa. Experts blame corruption and poor urban planning. .

In tonight's edition: As commodity prices soar due to war in Ukraine, South Africa's finance minister warns the country could face fallout from food price inflation and oil, but that the conflict could also lead to an increase in the country's export earnings.…

In Sudan, the price of daily products has risen by more than 400% in one year, according to government figures. The rate of inflation is deteriorating every month and the Sudanese are watching the series of austerity reforms introduced by the transitional authorities to get into the nails set by the International Monetary Fund (IMF).…

Unemployment reaches 33% of the working population, inflation 17%, the statistics for February 2021 reflect in all their severity the serious economic crisis that Nigerians are going through. Africa's largest economy - in terms of GDP - is facing several crises, food products are rising dangerously and extreme poverty is rising. Pandemic, agricultural crisis and oil rent decline, the picture is bleak…