Browsing: National Bureau of Statistics

Tanzania’s Social Action Fund (TASAF), a poverty-reduction base will get a $562 million loan to support its second phase.

According to information from The Citizen, over $800 will be spent during the five years of implementing the phase, officially launched earlier today by Tanzania’s President John Magufuli.

Also, the information revealed that the rest of the amount will be sourced from various other development partners including the Opec Fund for International Development set to issue $50 million.

However, TASAF director-general Ladislaus Mwamanga, highlighted that the programme goals are set to empower poor households with funds, known as ‘Productive Social Safety Net’ with which they can conduct their income-generating activities.

The safety net which was initiated in 2000, had over 1.1 households in Tanzania with over 5.2 people enrolled in the programme.

During the launch, it was revealed that TASAF spent over $692 million in poverty alleviation programmes national wide.

Also, …

High food prices push Nigeria’s annual inflation - The Exchange

Nigeria’s high food prices pushed annual inflation last month after borders with neighbouring countries were closed in a crackdown on smuggling.

In August, Nigeria closed parts of its borders to fight smuggling of rice and other goods.

The head of customs confirmed last month that all trade in goods through land borders had been halted indefinitely.

On Monday the National Bureau of Statistics said, Nigeria’s annual inflation was 11.61% in October a rise from 11.24% in September, noting that it is the highest rate since May 2018.

A separate food price index showed inflation at 14.09% in October, compared with 13.51% September.

“This rise in the food index was caused by increases in prices of meat, oils and fats, bread and cereals, potatoes, ham and other tubers, fish and vegetables,”  said the statistics office in its report.

The chief economist for Africa and the Middle East at Standard Chartered, Razia …