Royal Dutch Shell’s plans to start seismic testing for oil and gas along South Africa’s Wild Coast face uncertainty after four environmental ... and human rights organisations filed an interdict aimed at stopping the exploration.
January’s overall inflation rate of 16.5% was the highest since mid-2017, lifted by food inflation which accelerated to 20.6%.
Inflation will “certainly remain elevated over the medium term, and may actually rise in 2021,” says John Ashbourne, emerging markets economist at Fitch Solutions in London. “Until the government abandons its efforts to cut down on food imports, we are unlikely to see a real change.”
President Muhammadu Buhari closed land borders with Benin, Niger, Chad and Cameroon in August 2019 to prevent food smuggling and encourage local agricultural production.