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Sierra Leone: Gas Shortages Forces Taxi Drivers to Turn to Black Market

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Long queues are still being experienced at major petrol stations in Sierra Leone as the west African country grapples with high gas prices and scarcity. The gas prices have nearly doubled compared to the previous year to 1.14 USD. "If…

Impact of Rising Inflation on Workers Across Globe

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  Inflation isn't impacting people equally, though, and for those with dependents, the higher prices are pinching families at home and abroad. Migrant workers and people who send money to relatives abroad are often saving less because…
Business Daily

Inflation Hits 65-Month High as Subsidies End

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Kenya’s cost-of-living measure hit a 65-month high in President William Ruto’s first full month in office on the back of runaway food prices, fuel as well as home equipment and appliances, the statistics agency reported Monday. Inflation…
CNBC Africa

South African Rand Weakens as Dollar Firms Amid Economic Uncertainty

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South Africa’s rand fell on Monday (Oct 24), following other emerging market currencies, as the U.S. dollar held firm amid global economic uncertainty. At 1538 GMT, the rand ZAR=D3 traded at 18.4275 against the dollar, 1.75% weaker…

Ethiopia's fuel prices rise by 20%

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Fuel prices in Ethiopia rose by about 20% on Thursday (September 29), less than three months after a previous 30-40% hike, as part of the phasing out of government subsidies for petroleum products. Faced with soaring crude oil prices…

South Africa: Inflation slightly curbed by lower fuel prices

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  South Africa's inflation rate, which hit a record high of 7.8 percent in July, edged down to 7.6 percent in August from a year earlier. This was fueled by a drop-in fuel prices, the country's statistics agency (StatsSA) said Wednesday. Against…