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As the world and the East African region continue to recover from different kinds of economic shocks triggered by Covid-19, inflation in Tanzania has also taken different turns. According to the review, in August 2021, twelve-month inflation remained at 3.8 per cent, which is noted to be the same, as the last month.

On the other side of the fence, the review showed that core inflation—of which its index calls of the largest share in consumer price index (CPI), rose to 4.5 per cent in August 2021 from 4.1 per cent in July 2021, this is attributed to the increase in transport costs, “reflecting an upward shift in fuel prices”.

Things seemed to work better in food inflation, whereby annual food inflation—excluding alcoholic beverages, slimmed down to 3.6 per cent from 5.1 per cent, the review argues that this is due to a decrease in prices of maize and maize flour, meat, vegetable and beans.

Commenting on Africa’s participation at the conference and the continent’s development in general Egypt’s representative at Expo 2020, Ahmed Maghawry Diab, who is also an official from the country’s Ministry of Trade and Industry said, “…the world has started to look at Africa and rediscover it…the continent has a lot of difficulties, but it has also started to develop.”

Another optimist for the continent’s development and what it has to offer is Dr. Levi Uche Madueke, Head of the African Union (AU) Strategic Partnerships Office and AU Commissioner General for Expo 2020 said, “…Africa is undergoing a dynamic socio-economic and political transformation. There is a lot happening on the continent but the world is yet to hear all about it. It is time to take charge of Africa’s narrative and reclaim its rightful place in the global arena.”

Barely three months since Tanzania’s incumbent president Samia Suluhu Hassan made a public announcement of…