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    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

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Zambia: Energy Regulation Board of Zambia hikes fuel pump prices

mm by RMB Africa Research
September 1, 2023
in News
Reading Time: 1 min read
0
Fuelnomics behind the transport fares furore

GABORONE 1 March 2021, A fuel filling station attendant pumping fuel in a car on 1 March 2021. According to the Botswana Energy Regulatory Authority (BERA) retail pump prices increase from today as Unleaded petrol 93 price increases by 58 thebe per litre, while unleaded petrol 95 increases 57 thebe per litter and diesel 52 thebe per litre. (Pic: MONIRUL BHUIYAN/PRESS PHOTO)

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Zambia: The statistics agency yesterday reported that inflation had increased to 10.8 percent y/y in August from 10.3 percent in July.

The outturn surprised to the upside relative to our expectation of 10.4 percent. This was attributed to movements in both food and non-food items, which increased from 12.1 percent y/y to 12.6 percent y/y and from 7.8 percent y/y to 8.5 percent y/y, respectively. The largest increase was in the transport sub-component, which rose to 13.3 percent y/y from 10.6 percent in July.

The Energy Regulation Board (ERB) of Zambia hiked fuel pump prices by an average of 15 percent yesterday – prices will be effective from 1 September. This is in line with the regulator’s cost-reflective model, which tracks international oil prices and currency movements. The recent increase coupled with other upside risks (electricity prices, maize prices and currency pass-through) support our view for an upward trajectory in the inflation profile. The recent outturn has pushed our end-of-year inflation estimate to 11.3 percent and our peak to 11.7 percent in January 2024.

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