Cost of living relief on the cards as Kenya, Nigeria currencies gain ground

Cost of living relief on the cards as Kenya, Nigeria currencies gain ground

By Conrad Onyango, bird story agency Squeezed by painfully high prices for over a year, households in Kenya and Nigeria are beginning to get some relief as their national currencies strengthen against the US dollar and the cost of living starts to come down. In 2023, the shilling and naira were ranked among the worst-performing currencies in the world, according to data from Bloomberg and World Currency […]

April 2, 2024 14

Uncategorized

SA’s Finance Minister proposes infrastructure financing reforms in budget speech

South Africa’s annual consumer price inflation rose to 5.3% in January from 5.1% in December last year, the first jump after two-consecutive months of moderation. Separately, SA’s Finance Minister Enoch Godongwana has announced proposed reforms to infrastructure financing aimed at optimising the sectoral value chain to be effective and efficient.

February 21, 2024 15

Namibia

Khomas tops prices for bread and oil

Residents of Khomas referred to as Zone 2, have experienced a slightly higher inflation rate of 5.7%, while those in the northern regions, known as Zone 1, saw a slightly lower rate of 5.5%. The southern regions, or Zone 3, which includes Omaheke and Erongo, experienced the lowest inflation at 5%. According to Namibia Statistics Agency spokesperson, Mirjam Shihepo, in terms of consumer goods prices, Khomas stood out with the […]

February 8, 2024 58

Business / Economics

Namibia records decrease in December inflation

The Namibia Statistics Agency has just released the December inflation figure, which stood at 5.3%, marking a decrease from 5.7% in November and 6.9% reported in December 2022. Here is the NSA's Public Relations Officer Mirjam Shihepo.

January 11, 2024 55

Business / Economics

United Kingdom inflation rates fall

Inflation in the UK has dropped to under 4% - the lowest it's been in more than two years. UK Chancellor (finance minister) Jeremey Hunt says he's cautiously optimistic.

December 20, 2023 12