A long-term Egyptian recovery in place since currency devaluation in 2016 can resume after the war between Russia and Ukraine ends, Mathias Althoff, ... partner at Swedish frontier markets investor Tundra Fonder, tells The Africa Report.
The overall annual February figure of 322% was a decline of 41 points from 363% in January. Monthly food inflation fell to 4% in February versus 8% in January, after reaching a peak of 38% in 2020. Zimbabwe entered a level four lockdown on 6 January, which ran until mid-February before restrictions were eased. The central bank expects overall annual inflation to drop to below 10% at the end of 2021.