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      Men’s U-19 cricket team preps for world cup qualifiers

      Men’s U-19 cricket team preps for world cup qualifiers

      Record breaker Tebogo was advised against the 400m race

      Tebogo’s expected move to the US sparks mixed reactions

      GU clinches P3m Sponsorship Deal with Bank Gaborone

      GU clinches P3m Sponsorship Deal with Bank Gaborone

      Less Rewards for The Mares after Historic WAFCON Feat

      Less Rewards for The Mares after Historic WAFCON Feat

      Sponsorship offers pour in for Botswana’s World Athletics U-20 Heroes

      BAA targets Four Medals at World Athletics U20 Champs

      Orange Phikwe Marathon attracts Int’l Runners

      Orange Phikwe Marathon attracts Int’l Runners

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      Africa: weaker exchange rates contribute to the acceleration in inflation

      mm by RMB Africa Research
      July 14, 2022
      in News
      Reading Time: 1 min read
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      Africa: weaker exchange rates contribute to the acceleration in inflation

      Africa inflation average: Africa is feeling the inflation heat Source: Source: Bloomberg, ETM Analytics

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      Inflation in Africa has quickened in recent months as supply-side cost pressures increase. Weaker exchange rates have also contributed to the acceleration in inflation in Africa. To assess the degree to which inflation in Africa has accelerated, we have averaged inflation out of some key African economies, including Kenya, Ghana, Mozambique, Nigeria, Zambia and Egypt. Since the start of the year, average inflation in Africa has risen by 4ppt to 14.49 percent in June — levels not seen since 2017. The acceleration in inflation in Africa has resulted in many central banks hiking interest rates in an attempt to get inflation under control. Central banks will have to play a delicate balancing act of reining in inflation while not putting too much pressure on their respective economies, which are still recovering from the devastating effects of the COVID-19 pandemic.

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