Inflation in Africa: Latest data shows worsening figures across the board
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
Zambia
Zambia to finish testing cryptocurrency regulatory technology by mid-year: Reuters
The southern African country hopes to develop regulations that promote innovation while keeping citizens safe.
5 billion reasons Africa needs to ditch the U.S. dollar for cross-border trade
Although the U.S. accounted for less than 10% of Africa’s total trade in 2019, nearly half of Africa’s trade is settled in U.S. dollars. The mismatch in commercial and payment flow cost Africans $5 billion yearly, Kioneki writes.
Inflation in Africa: Many countries continue to witness historically high consumer prices
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.
60% of African countries recorded lower consumer prices in December
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
Six of eleven African countries reported an inflation rate drop in November
African consumers are beginning to see steadier prices as 2022 nears its end, according to the latest inflation figures.
September 2022 inflation report: Food prices have become Africa’s main inflation driver
At least 16 countries on the continent reported inflation rates higher than 10% in Sept. Zimbabwe's inflation rate slowed from 285% in Aug. to 280.4% in Sept.