Browsing: Inflation in Africa

Currency depreciation in Africa

Currency depreciation in Africa and lessons from Zambia’s Kwacha

Countries

The Kwacha is the official currency of Zambia. The country's foreign exchange rate remained unsettled for a very long time. However, Zambia has made substantial steps in recent years to strengthen its currency through economic measures and foreign support.

Zambia has set an example for other African nations by efficiently controlling its currency. While facing numerous economic issues, such as a drop in copper prices and a large debt, the Kwacha exchange rate has remained reasonably constant.…

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Cost of Living to Remain High in East Africa in 2023

Industry and Trade
  • High cost of living is expected to continue in East Africa in  2023 as the region is projected  to experience sustained high inflation pressures according to the latest data from Sanlam Investment East Africa, 2023 investment outlook report.
  • The region’s median inflation rate is currently estimated at almost 9 percent with some economies registering double digit inflation. 
  • High inflation is a key investment risk with central banks leaning towards higher interest to curb inflation.

High cost of living is expected to continue in East Africa in 2023 as the region is projected to experience sustained high inflation pressures according to the latest data from Sanlam Investment East Africa, 2023 investment outlook report.

The report attributes the sustained high inflation pressures to key risks arising from higher energy prices due to the protracted Russia – Ukraine war.

The region’s median inflation rate is currently estimated at almost 9 percent with some …

Ethiopia's economy

Abiy’s Tigray conflict a burden to Ethiopia’s economy

Countries

Undoubtedly, the return to peace after two years has restored hope Ethiopia’s economy can regain its growth momentum. According to officials, a permanent return to peace will help unlock more than $4bn in frozen funding. The funds will ease a crippling shortage of foreign exchange that plagued the economy even before the war began. Agriculture, the primary sector driving Ethiopia’s economy, should provide the much-needed boost to economic recovery.…

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