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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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      Sub-Saharan Africa: high inflation continues to constrain economic activity

      mm by RMB Africa Research
      August 4, 2022
      in News
      Reading Time: 1 min read
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      Sub-Saharan Africa: high inflation continues to constrain economic activity

      high inflation continued to constrain economic activity. Source: ETM Analytics, Bloomberg

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      Yesterday brought with it the monthly wave of Purchasing Managers Index (PMI) data.

      There were no major surprises in terms of the releases. Similar to June, the sub-Saharan Africa PMI average remained buoyed just above the 50-point neutral market. Persistently high inflation continued to constrain economic activity and weighed on business sentiment. Ghana and Egypt are the only two countries whose PMI readings came in higher than the previous month. Despite coming in higher than June, Ghana’s PMI indicated a sixth consecutive month of deterioration in business conditions as new orders and output continue to fall.

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