inflation

NAIROBI, Kenya — As inflation eats into earnings across Nigeria, Ghana, Kenya, Ethiopia and Zimbabwe, a quiet shift in personal finance is taking hold. Millions are moving a portion of their savings and day-to-day cash flow into stablecoins — dollar-pegged digital currencies such as USDT, USDC and DAI — to blunt the impact of currency depreciation, volatile forex markets and overburdened banking systems. The appeal is straightforward: when local prices jump and exchange rates swing overnight, keeping value in a digital asset…

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…