JOHANNESBURG (Reuters) - South Africa’s headline consumer inflation quickened to 3.2% year-on-year in July from 2.2% in June, data from Statistics South Africa showed on Wednesday. On...
The Minister of State for Budget and National Planning, Clement Agba says unless Nigeria posts a strong third-quarter economic performance, it may be headed for a second recession in four years. Ahead of Nigeria’s July inflation data, Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa to discuss how Nigeria can avert this looming recession.
LAGOS (Reuters) - Annual inflation in Nigeria rose for a 10th straight month in June, lifted by higher food and healthcare costs, the statistics office said on Friday, as the...
South Africa’s economy will contract sharply this year as activity is hit by the coronavirus outbreak, despite expectations the central bank will cut interest rates again in May, a Reuters poll found on Monday.
Nigeria's headline inflation rose for the seventh consecutive month in March, expanding by 6 basis points to 12.26 per cent, while food inflation also rose to 14.98 per cent. Sam Chidoka, Managing Director of Kairos Capital joins CNBC Africa for more.
Inflation stood at 12.20% in February, compared with 12.13% in the previous month. It is the highest inflation rate since April 2018, when it stood at 12.48%.
On a month-on-month basis, prices were up 13.52% during the same period compared to 2.23% during the previous month.
Zimbabwe's central bank left its benchmark interest rate at 35% on Monday, citing moderating inflation, as it looks to print more local currency and limit the use of foreign currencies.