Browsing: food prices

malnutrition crisis in africa
  • The Malnutrition Crisis in Africa has seen 63 million children stunted, 10 million overweight, and three million wasted.
  • Dr. Akinwumi Adesina said poor nutrition keeps school-age children from realising their educational potential.
  • Ministers, development partners and other speakers reviewed the progress toward achieving nutrition targets.

Malnutrition crisis in Africa

Leaders convening for the African Union and African Leaders for Nutrition Champion have revealed that Africa’s children are paying a considerable price as the continent finds itself in a malnubrock bowers jersey college football jerseys jordan proto max 720 custom stitched nfl jersey best human hair wigs for black females castelli gabba 8 ft kayak fsu football jersey borsa prima classe custom nfl football jerseys air jordan 1 element keyvone lee jersey sit top kayak best human hair wigs for black females brock purdy jersey trition crisis among kids. An event held on the sidelines of the 37th Ordinary Session …

Kenya's cost of living
  • With the cost of living ranking done in terms of countries’ major cities, Kenya’s Nairobi has been ranked position 141 out of 173 cities surveyed globally. 
  • For the ninth time in the previous eleven years, Singapore continued to hold the top spot in the rankings as the most expensive city in the world.
  • Kenya’s inflation for the month of December slightly eased to 6.6 percent, down from 6.8 percent in November.

Kenya’s ranking in the cost of living improved in 2023, a result of the country’s decreased cost of living in the 12 months leading up to September, as indicated in the latest report from the International Research Unit, Economic Intelligence.

During this period, Kenya fell 33 places in the rankings of countries surveyed on the world’s cost of living, with Nairobi securing the 141st position out of 173 cities surveyed globally.

According to Economic Intelligence, this suggests that the …

In February 2023, the annual inflation rate increased by 7.2 percent compared to 4.5 percent recorded in February 2022. www.theexchang.,africa
  • The annual inflation rate for February 2023 increased by 7.2 per cent compared to 4.5 per cent recorded in February 2022.
  • On a monthly basis, inflation rate increased to 0.4 per cent compared to 1.1 per cent registered in the earlier month.
  • Load-shedding in South Africa is preventing farmers from buying livestock from Namibia.  

In February, the cost of goods and services increased more sharply and the outlook does not appear promising, particularly regarding food, which saw a 14 per cent hike. The Namibian Statistics Agency disclosed inflation figures for February yesterday, with the month displaying a 7.2 per cent rate, one percentage point higher than January’s inflation rate.

This 7.2 per cent is taking the country back to August 2022 when inflation reached a peak of 7.3 per cent. While most goods and services’ prices have increased overall, service inflation continues to weigh on headline inflation, rising at a …

GMOs in Africa

Time is running out for Africa to guarantee food security for its population. As the saying goes, it is not very reasonable to keep doing the same things and expect different results.

Africa needs crops that can withstand pests and disease, withstand drought, flourish without excessive pesticides and fertilizers, and produce healthy food. Africa needs crops to enable smallholder farmers to prosper. GMOs provide a powerful instrument for Africa to address these demands when other choices fail over time.…

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Rising in Africa

Some worry that monetary policy is still excessively accommodating, given that rate hikes have not matched inflation. Policy cooperation may be beneficial. Fiscal consolidation and a mix of rate rises and currency depreciation may play a role in nations where policy is overly permissive.

The shaky recovery in Sub-Saharan Africa, coupled with domestic demand constraints, has not significantly fueled inflation so far. However, in the coming months, governments and policymakers must carefully monitor and prioritise tackling the rising inflation in Africa.…

A currency crisis occurs when the value of a country’s currency falls drastically. www.theexchange.africa

A currency crisis is defined as a quick and abrupt depreciation of a country’s currency. Currency depreciation goes in tandem with turbulent markets and a loss of confidence in the country’s economy. Historically, crises have arisen when market expectations induce significant movements in the value of currencies.

The global economy is now in turmoil. As the world economy enters another era of a currency crisis, the value of the US dollar keeps rising. Over half of all international trade is billed in dollars. A stronger dollar thus hurts consumers globally, particularly in Africa, who rely on dollars to pay for imports.

The US Federal Reserve’s hawkish approach to increasing interest rates more aggressively than central banks in other major countries has contributed to the dollar’s appreciation. The fact that investors generally see the dollar as a “safe haven” asset during times of economic turmoil has added to its resilience.…

Based on the 2022 Global Report on Food Crises, Nigeria ranks among the ten nations with the most significant number of people in food crisis. www.theexchange.africa

Rising costs have remained a critical issue in the aftermath of the outbreak. Data from the World Bank/NBS Nigeria – COVID-19 National Longitudinal Phone Survey 2020 reveals that food prices rose rapidly following the pandemic. In March and April, basic food commodity prices increased by 17.2 per cent and 18.37 per cent, respectively. According to the National Bureau of Statistics (NBS), the rise remains the highest in two years.

Recent findings based on comprehensive and long-term monthly food price data have revealed considerable price rises for all chosen food categories during the pandemic. Imported rice and wheat costs, for example, have climbed by 41% and 21%, respectively.

Wheat prices surged by 21% nationally, with considerable increases in price dispersion across markets when the epidemic began, and prices continue to grow.

Wheat is the main component of bread and other products such as noodles, pasta, semolina, and other Nigerian pantry staples. …