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Global food price pressures underpinning the surge in inflation have been showing signs of easing for some time now.
NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.
The dollar is strengthening as Africa is already being hit hard by rising inflation triggered by war in Ukraine. And it is amplifying inflationary pressures across the continent, writes Jonathan Munemo.
A stronger dollar tightens trade financing conditions, constraining access to financing for firms.