Africa Talks Business Launch Edition

AFRICA TALKS

LETTER EDITOR'S

After months of hard work, my team and I are so proud to present this launch edition of our magazine.

Having a digital publication for some time now, it was requested by many of our online viewers.

At Africa Talks Business we support and showcase African entrepreneurs and businesses.

Our aim is to help entrepreneurs collaborate and create innovative solutions to uplift Africa and its people, through our digital and other platforms that holistically inspire, motivate, connect and grow our audience in every stage of their business lifecycle.

If you are looking for that side hustle, a leader in your industry or if you want to expand your business into Africa, you will find valuable insights, networks and ideas on how to move yourself to that next level.

In our launch edition we invite you to immerse yourself in what Africa’s future has to offer and the people that are taking it there.

Personally, I would like to encourage you to send us your valuable feedback and comments to grow Africa together.

BUSINESS

GROWTH

How do I grow my Business?

When considering how to expand your small business, you should conduct market research. This allows you to better understand not just your current clients, but also your potential customers. It is critical to obtain insight into your target market and understand their wants. This allows you to identify how your company can develop and change to suit those needs.

BUILD A SALES FUNNEL

Your sales funnel can assist you in taking your company to the next level. Consider a sales funnel to be a customer's journey. They are at the top of the funnel when they enter your store or visit your website. They've complete the funnel when they buy something or join up for a service.

PARTICIPATE IN NETWORKING EVENTS

Increasing the visibility of your brand might help you attract new clients and develop your business. Attending networking events is a fantastic method to do this. Look into local professional organisations and don't be scared to attend a few events to spread the word about your company. You can take part in these events by: Attending and networking with other business owners Setting up a booth to promote your company Speaking as an expert in the field.

ENTREPRENEURSHIP

HOW DO I GROW MY BUSINESS

Increase Customer Retention

Getting new customers for your business isn't enough. You must also keep your current clients coming back. Increased client retention leads to increased customer loyalty, which can lead to increased sales. Given that it costs five times as much to acquire a new customer as it does to retain an existing one, concentrating on customer retention ensures that your company does not waste money on something that is not a guaranteed investment.2 You can improve customer retention by doing the following: Putting customer service first: Customers will not want to support your company if you do not treat them well.

Making certain that you solve their problems and provide them with the greatest possible experience demonstrates that you regard them as a customer. Using a customer relations management (CRM) system: CRM solutions assist your company in managing relationships with current and prospective clients They aid in the management of client information and the identification of sales possibilities One of the most significant advantages is that the data is stored in a single location where you and other employees who require it may access it.

Developing a customer loyalty program: These programs reward your current customers for their devotion to your company They can also assist you in attracting new clients or regaining those who have left your company Starting an email campaign: Using an email campaign can assist keep your company at the forefront of your clients' minds. It's also an excellent technique to move current and prospective consumers through your sales funnel. Engaging customers on social media: Your customers may contact your company via social media with a question or to provide feedback, pain issues, or complaints Taking the time to answer and connect with them demonstrates that you value their opinions and are concerned about their problems. Keep your promises: Nobody enjoys being forgotten If you tell a consumer you'll call them later or follow up with extra information, follow through If you don't, it may offer your customers a negative opinion of your company

Start ups and Small Business

Want to change the game with your new Business idea? Here is what you need to know

How to get Funding

HERES WHAT YOUR BUSINESS NEEDS TO ACCESS FUNDS

IDENTIFY HOW MUCH FUNDING YOU NEED. 1

If you need to fund a major, one-time purchase, a corporate credit card could be the best option. If you need a large sum of money, an investor can be a better option. Determine how much money you require before submitting applications or reaching out to your network.

3.

COMPILE KEY DOCUMENTS.

Business and personal tax returns, bank statements, business financial statements, and other legal documents connected to your business (such as articles of incorporation, a commercial lease, or a profit and loss statement) are examples of such documents.

2. WRITE A BUSINESS PLAN.

A business plan will be required by many lenders and potential investors. This document should, among other things, detail your business concept, financial requirements, and how you intend to make a profit.

4. DECIDE WHICH TYPE OF FUNDING IS RIGHT FOR YOU

.

Conduct research to determine which type is best for your company, and then target your applications accordingly.

Finally, before you borrow money, make a strategy for how you're going to repay it. A business loan calculator or credit card payoff calculator can assist you in estimating your payments and ensuring they are within your budget.

01 VENTURE CAPITAL

Because there is a large degree of risk involved, venture capitalists often only invest in high-growth enterprises If the startup fails, the investor will not see a return on their investment. Most venture capitalists desire a seat on the board of directors of every firm they invest in. Some people, however, will desire even greater control.

03 LOANS

Small-business loans allow you to keep full ownership of your firm, but you'll have to start repaying the loan plus interest right away Most traditional lenders, such as banks, will only lend to wellestablished businesses with solid financials. As a startup, you may need to search elsewhere for funding, such as internet lenders.

02 CROWD FUNDING

Crowdfunding enables entrepreneurs to raise funds for their firms through an online campaign. You can provide prizes to those who donate to your campaign (such as a free product) to attract donations, but you can also tailor the campaign to match your requirements and budget.

04 GRANTS

These donations are typically not repaid. The government loan agency meets the entire financial need. These types of awards, however, are much less prevalent and tend to be one-time opportunities to help emerging enterprises.

DIFFERENT TYPES OF FUNDING FOR YOUR VENTURE

05 FRIENDSAND FAMILY

If more traditional lenders are unavailable, family loans may be able to help fund your firm. While these loans may have low (or no) interest rates, they can be costly if they begin to interfere with your personal relationships. Putting the agreements in writing can assist both parties set clear expectations and ensure that everyone understands and accepts the risks involved.

Entrepreneurship Programmes

Most often, the types of entrepreneurship are broken into four categories:

small business.

scalable startups.

large company or intrapreneurship.

social entrepreneurship.

Determine the type of entrepreneur you are and the industry you work in; this will help you comprehend the necessity of enrolling in a program

There are many different kinds of programs devoted to the personal development of entrepreneurs. There are programs available to assist you in learning things like entrepreneurship skills training or workshops, guidance on creating a successful business plan, how to register a company, how to create a great company profile, various coaching philosophies, the value of business mentoring, and joining incubation hubs.

A variety of different businesses, governments, and private organizations offer a wide range of entrepreneurship programmes.

THE ENTREPRENEUR NETWORK

A strong network can provide you with:

Practical advice: Seasoned business owners can offer advice based on their own triumphs and failures.

Funding and investments: Relationships with investors can lead to the funds required to launch and grow your company.

Clients or referrals: People in your network may be interested in your product or service, or they may know someone who is.

Support: According to a University of California Berkeley research (pdf), 72% of entrepreneurs (compared to 48% of the overall population) suffer mental health issues. Having a supportive network, particularly people who have gone through the process before, can be critical to ensuring a successful entrepreneurial journey.

Making

ExclusiveInterviews TELL YOUR STORY YOU CAN

OUR READERS

A magazine provides our readers with a wealth of information, motivation, and unique ideas. The information offered to the reader may entice them to go outside, visit stores or services, or conduct internet research to discover more.

CREDIBILITY

Because they chose the magazines, the reader is more likely to trust the content of many different magazines, not just ours. A Marketing Sherpa research found that 82% of respondents trusted magazines when purchasing a product

IT LASTS

We publish the magazine in print and online and keep it online indefinitely Orders and downloads can be made at any time. If you commit to a long-term publicity/advertising strategy, you can progressively widen your recognition

JOIN THE COMMUNITY

BRAND POWER

Use this opportunity to develop consistency across all of your channels so that everyone who interacts with you sees the same images and messaging.

All Africa Talks Business interviewees who join the Bigger Community have the opportunity to network with one another and receive invitations to special events.

As a result, you will broaden your audience and develop a strong local and national brand.

Being authentic and sharing your journey are the first steps toward developing a strong personal brand and a profitable business.

HIGH QUALITY

High-quality photographs and pages are essential for your company's marketing, magazines, and publications This ensures that you and your products/services are properly represented

READER’S CONFIDENCE

There will be no bogus news, cybercrime, or pop-up adverts. Our publications and magazines are trusted by our readers

TARGETED AUDIENCE

Building your brand is the first step toward creating a customer database from which you may produce a larger pool of long-term leads and momentum for your company and brand Whether you want to sell locally or globally, the internet makes it possible.

INTERVIEW WITH TIEKIE BARNARD

The path to success for Tiekie is about unity. “It is about us as Africans, coming together in the spirit of Ubuntu and working together as a collective and addressing our African challenges as a collective and create economic value and value for all.” She says. Get to know more about Tiekie, and the impact she is making:

When asked about how her journey started, Tiekie goes indepth on how she went from mortgaging her house to where she is now!

“I come from a family of entrepreneurs. My father, my brother my 2 sisters. My entrepreneurship journey started after I left the Advertising Industry as I always felt that I needed to do something more than just work. society.”

I wanted to do something meaningful that could help others even if it was just one small thing that can help change and make the life of another easier or more hopeful. I am so grateful as God guided me to start the Shift Impact Africa Group to try and shift private sector mindsets to help them understand the important role they play in creating a more inclusive

What has been one of the greatest challenges you’ve faced in your career thus far?

“The entrepreneurship journey is not easy and at times can be lonely and more than often we want to give up. I want to remind us all , of the words of the great Nelson Mandela : “It always seems impossible until it is done.” -

Tiekie Barnard

Read more on africatalksbusiness.com

“In 2017 we hosted the first ever Africa Shared Value Leadership Summit in Johannesburg South Africa At the time we did not have enough sponsorship money to deliver the summit and I had to make a decision. Could not get any funding after asking around and then decided to take out a second bond on my house to deliver the summit, as I believed it was the right thing to do. Again I was guided by a higher power, and looking back 6 years later today, it was certainly worth every penny and the right thing to do.”

Talifhani Banks CEO | AnalyticsX

Allen Chetty Advice Enablement Specialist (FNB)

Navin Govindsamy CEO (iGenerate)

Mugambi Maraguri CEO (Fort Hall & Fort Hall Kenya LTD)

Malwandla Hlekane CEO (Even Playground)

Yves Muteba CEO (MTY Services)

YunealPadayachy (MBA) Member Support Executive ( BEE Chamber.)

Tevin Bilgnaut CEO (Pro Sports Center)

Tiekie Barnard CEO (Shift Impact Africa)

HOW TO BECOME AN INFLUENTIAL LEADER

if you want to build your influential power, think of transactional and transformational

WHAT DO CEO'S READ?

Ever wonder what CEO's read? We have all that covered for you.

BUSINESS

LEADERS AND CEO'S

If you want to increase your influence, consider transactional and transformational approaches as two parts of a whole. A leader who adheres to this dualism could take a collaborative approach to developing strategy, delivering clear instructions and communicating the path that must be taken - step by step, in a professional and personal manner - and then serving as a guide and motivator for those charged with executing the strategy

Clapasson recommends the following five steps to prepare yourself to use a blended strategy to influence throughout your career:

HOW TO BECOME AN INFLUENTIAL LEADER

1. Identify the persons you wish to impact. Spend time getting to know your staff and demonstrating that they can rely on you and collaborate with you. According to Stephen Covey, "seek first to understand, then to be understood."

2. Make an effort to be liked and respected by individuals you wish to influence. individuals want to be led by individuals they like, but this does not imply being everyone's 'best buddy.' Instead, be a caring, involved leader who is invested in both the organization's vision and the well-being of its people.

3. Make a commitment to the people you wish to affect. Why should your team members follow you if you are not devoted to them? Find ways to demonstrate to people that you care about them on both a collective and an individual level.

4. Encourage mutual commitment to assist influence in flourishing. Commitment is reciprocal. To influence people, your staff must be committed to you as well. Engage in dialogues with your team to learn what they are actually devoted to and to ensure that everyone is on the same page.

5. Show people you wish to influence that you are strong, focused, and a good example. People would naturally want to follow you if you set a good example. Position yourself as a leader with a clear goal and the ability to achieve it.

WHAT DO CEO'S READ? LEADER

FIND OUT WHAT YOUR FELLOW CEO IS READING.

Jerry Colonna opens his book with tough questions regarding your habits, belief systems and weaknesses He continues this practice of guided self-evaluation after every chapter as he walks with you down the path to achieve inner and outer balance. His Jungian approach mixed with Buddhist touches helps you see why your go-to leadership tenets and behaviors might not match the real you. I relished this opportunity to learn how to bring more of the total “me” to my position

"Ben Angel’s own biohacking journey led him to better health, revived mental performance and lowered stress. And I doubt he’s ever going back to his former routine Even if you don’t plan on following 100% in Angel’s footsteps, you’ll learn to improve your everyday output and mood through straightforward, safe biohacks."

"Many leaders forget to manage their expectations when contemplating a future sale. What they need is The Messy Marketplace, which maps out a realistic path for these frequently confusing transitions. I would encourage you to pick up Beshore’s book even if you’re not actively ready to put your business “out there."

FINANCE

FINANCE: SHARES AND STOCKS

Access data generated as equity trades take place during the day (live or intraday data)

Want to buy or sell shares?

Heres how!

If you don't like pizza, we can't be friends If you do, don't expect me to share Fortunately, there are many people ready to share their knowledge with you In actuality, sharing is frequently an important component of a company's or organization's growth and development. By putting up and selling pieces of its ownership, a company can utilize the money acquired from the sale of those areas to accomplish more.

Make more and be more than you are The pieces that are available for purchase (at a cost) are referred to as shares Alternatively, stocks Or stocks

Potayto and potahto

Owning stock in a corporation also implies that you have a unique relationship with the company that others do not. You can even vote on some firm decisions, attend shareholder meetings, and more to influence how it is managed.

After trading has ended, we generate statistics such as end-of-day data, historical data, reference data, company events, and regulatory news.

For live stock market data, live equities subscribers can connect directly to our data center in South Africa or to our International Access Point

When you own shares in a company, you also have the opportunity to make money! Here’s how:

For starters, the value of your ownership position may increase Assume you pay $50 for one share of your preferred company's stock The company expands and gains value That single share is now worth R60, and you could sell it for a $10 profit You may also cling on to it in the hope that it will rise even higher (Of course, it could fall If you sold that share at $40, you'd lose $10 on your initial investment ) Second, some companies pay dividends Dividends are profits distributed by firms to their shareholders This is real money you get just for being a shareholder!

FINANCE TIPS YOU NEED NOW.

Bookkeeping lets you know how your small business is doing. So what does it involve and how do you make it less boring?

What exactly is bookkeeping? Bookkeeping entails tracking and categorizing all financial transactions in your company It keeps track of how much your company spends and how much it receives. These tasks were previously managed using books and ledgers, hence the term "bookkeeping." Initially, transactions were documented in daybooks, cashbooks, or journals before being moved to a ledger Bookkeeping software has mostly supplanted the necessity for paper books.

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COMPANY

VIEW THE TOP COMPANY FEATURES BELOW

M A R K E T

Style ID

South Africa LEAFLINE

OUMIE'S GRANDE

STYLE ID AFRICA

Recently, Tami Ruschin, the Director of Style ID Africa, was interviewed by Africa Talks Business Tami is one of South Africa’s Leading Ambitious Women in the area of influencer marketing. This expanding platform offers information about their distinctive approach to influencer marketing and the valuable contributions they are making to Brands and Influencers

Tell us about Style ID Africa:

"Style ID Africa was conceptualised and founded in 2019 with the vision to empower advertisers and influencer’s across Africa. While it was still early days of influencer marketing in South Africa with only a handful of local players, the timing was perfect. Style ID was created with the idea of putting the success of the client foremost and empowering advertisers with the knowledge, data and transparency to reach the right audience with new-age marketing tools The vision together with the aspiration made Style ID Africa what it is today .. A specialised influencer marketing agency and technology platform ”

What kind of economic impact does Style ID have?

“Style ID empowers influencers and content creators through providing them with legitimate monetisation opportunities that leverage our expertise and authority of the influencer landscape. Our understanding of industry standards provides them protection and equity in negotiations, contracts and remuneration We ensure that influencers and content creators are treated as valid entrepreneurs whose time, skill and effort is appropriately valued and thus having a positive impact on the economy ”

BUSINESS

WOMANOFSTATURE FOUNDATION

THE VISION BEHIND WOMEN OF STATURE FOUNDATION

FEATURING

5 Women owned Businesses

Coming soon.

HOW TO BUGGLEBEINGA MUMANDRUNNING YOURBUSINESS

ISSUE 1 | 2023

“Woman of Stature Foundation seeks to celebrate diversity in all its forms, it also seeks to bridge cultural and social differences that can so easily sabotage the gift of collectivism and the building of an inspired, empowered collective psyche of South African Women who will settle for nothing less than their rightful place in every space: personal and professional"

- Charlotte du Plessis

WOMAN OF STATURE

Through a comprehensive range of programs, mentoring, networking opportunities, and resources, the Foundation aims to equip women with the skills, knowledge, and confidence they need to succeed in the business world. The Foundation’s emphasis on personal development, leadership, and community building sets it apart, creating a supportive and collaborative environment that encourages women to take risks, pursue their dreams, and achieve their full potential.

The Woman of Stature Foundation’s unique value proposition is its commitment to empowering and supporting women entrepreneurs at all stages of their journey.

Ultimately, the Woman of Stature Foundation is dedicated to promoting gender equality and economic growth by empowering women entrepreneurs to succeed and make a positive impact in their communities.

HOW TO JUGGLE YOUR BUSINESS AND FAMILY AT THE SAME TIME

Can an entrepreneur raise a family and a business? Both require dedication, effort, and time. These two facets of life occasionally appear to be antagonistic to one another. However, many business owners manage to strike a balance and excel in both. What is their method?

Simply put, business owners should establish goals for both their family and their company, and periodically reevaluate these goals. Goals are essential for the success of both families and businesses. Let's say a couple wants to buy a second home, plan for retirement, maintain their lifestyle, and pay for the college education of their three children. The achievement of annualized financial targets, which in turn provide a business with its cues to generate the level of income necessary for long-term investing and saving, can be accomplished once those life goals are known and defined. Additionally, investments that support life goals can greatly contribute to a sense of security regarding family finances and desired lifestyle

View full article: https://www.africatalksbusiness.com/2023/02/28/how-tojuggle-your-business-and-family-at-the-same-time/

The African Economy Magazine is brought to you by Africa Talks Business Offering you accurate and dependable economic reports is something we take seriously. A competent expert with more than 20 years of industry expertise creates all of our reports. Each Monday, we send you a copy of our weekly roundups. You are then able to stay informed about the state of the African economy

THE AFRICAN ECONOMY OUR IP

We have data that covers the rate of inflation, provides you with updates on the foreign currency market, the manufacturing and mining sectors, as well as other crucial data that may be vital for you to understand about the economy. This magazine is meant to keep you informed about what's happening in Africa. As Africa Talks Business, we can also give you custom reports if you require one for your industry or region's economy. If you think a report like this would be useful to you or if you need one right away, send us an email at Info@africatalksbusiness.com, and we'll get back to you right away with the information you need.

Please be aware that this information belongs to Africa Talks Business and is our designated IP; it is not to be downloaded and distributed to others. To read our magazine, you must be a member If you need assistance with any of the information or feel that the information has been shown is offensive to you, please send an email to complaints@africatalksb usiness.com and we will help.

Roundup of Major Economic News from Africa’s Ten Largest Economies for the Week-Ending

14 May 2023

Consumer Inflation Slows Again in April 2023

Consumer Inflation in Angola from May 2022 - April 2023 (Y/Y %)

Prices rose by 10,6% Y/Y in April 2023, slower than the 10 8% pace of the month before, according to the figure above. This was the slowest inflation rate since July 2015. Looking ahead, inflation should continue to fall (as was accurately expected last month), but at a slower pace and will struggle to recede below 5,0%

Data Source: National Institute of Statistics, Angola

Inflation Slows for the First Time in Ninth Months in April 2023

Inflation eased for the first time since June 2022, from 32,7% to 30,6% Y/Y in April 2023. The decline came on the back of slower food and core inflation. The figure below indicates that food inflation

decreased from 62,9% to 54,7%, while core inflation fell from 39,5% to 38,6% The full effects of Egypt's recent currency devaluation (and excessive money supply growth) are yet to be felt, so inflation might fall further, but it will remain high

Consumer Inflation in Egypt from May 2022 - April 2023 (Y/Y %)

Data Source: Central Agency for Public Mobilization and Statistics

ETHIOPIA

Inflation Eases in April 2023 after Rising in March

Consumer Inflation in Ethiopia from May 2022 - April 2023 (Y/Y %)

The figure above shows that inflation slowed from 34,2% to 33,5% Y/Y in April 2023 Looking forward, (as correctly expected last month) inflation might continue to ease a bit over the next two months

Data Source: Central Statistical Agency of Ethiopia

GHANA

Inflation Continues to Slow in April 2023

Consumer Inflation in Ghana from May 2022 - April 2023 (Y/Y %)

The figure above indicates that the rate of inflation slowed for the fourth month in a row in April 2023, from 45,0% to 41,2% Y/Y. This was again the lowest rate of inflation since October 2022. The decline was helped by the continued easing of food inflation, from 50,8% to 48,7%. Inflation can be expected (as it was accurately predicted last month) to keep on falling, but at a gradually slower pace.

Data Source: Ghana Statistical Service

Foreign Exchange Reserves Recede Slightly in April 2023

Foreign Exchange Reserves in South Africa from May 2022 - April 2023 (USD Billion)

According to the figure above, South Africa's foreign exchange reserves fell slightly back from their second highest level on record in April 2023 The country's foreign exchange reserves declined from USD61,9 billion to USD61,7 billion This was 2 3% higher than a year ago

Data Source: South African Reserve Bank

Manufacturing Output Declines for the Fifth Successive Month in March 2023

Manufacturing output declined on an annual basis for the fifth consecutive month in March 2023, by 1,1% Y/Y The figure below shows that this was an improvement over February's 5,6% fall Nevertheless, due to seasonality and the low base of 2022Q4, output was up by 1,4% q/q in 2023Q1, compared to the previous 1,5% decrease The biggest contributors to the increase in production on a quarterly basis were the Food and Beverage and Petroleum, Chemical Products, Rubber and Plastic Products sectors, which grew by 7,3% and 4,3%, respectively While any growth is welcome, Manufacturing output is still significantly down on an annual basis for the quarter, and the sector continues to be hard hit hard by South Africa’s power crisis and will continue to struggle going forward

Manufacturing Production in South Africa from April 2022 – March 2023 (Y/Y%)

Data Source: Statistics South Africa

Mining Continues its Slump in March 2023 but Shows Growth Over the Quarter

Mining Output and Mineral Sales for South Africa from April 2022 – March 2023 (Y/Y %)

The figure above indicates that Mining production declined for the 14th month in March 2023, falling 2,6% Y/Y, which was markedly slower than the prior month's 7,6% slump However, on a quarterly basis, Mining output was up 1,0% q/q in 2023Q1, much improved from the 3,4% q/q deceleration of the previous quarter Growth during the quarter was led by Gold, Platinum Group Metals (PGMs), Iron Ore and Manganese Ore, which each saw output grow by more than 3,0% during the quarter South

Africa's power crisis continues to hurt Mining, as it is does Manufacturing, in addition to the dilapidated state of South Africa’s railways and ports.

Furthermore, the value of minerals sold plummeted in March 2023, by 15,1% Y/Y to R70.9 billion, but was also up 0,1% q/q Nevertheless, the year-on-year decline was more than double the pace seen in February 2023 Finally, five out of twelve mineral groups recorded decreases in the value of their sales, led by Nickel, PGMs, Coal and Gold, which each declined by more than 20%. More broadly though, as both Mining and Manufacturing grew on a quarterly basis, the South African economy most likely grew in 2023Q1, escaping a recession, but unlikely blew the lights out either.

Data Source: Statistics South Africa

TANZANIA

Inflation Falls for the Third Month in a Row in April 2023

Consumer Inflation in Tanzania from May 2022 - April 2023 (Y/Y %)

Inflation declined for the third consecutive month in April 2023. The figure above shows that inflation slowed from 4,7% to 4,3% Y/Y, as core inflation eased from 2,3% to 2,0% and transport inflation slowed from 5,7% to 4,3% Food inflation also decelerated, from 9,7% to 9,1% Looking ahead, (as was accurately anticipated last month) inflation should continue to moderate

Data Source: National Bureau of Statistics, Tanzania

Forthcoming Economic News Releases from Africa's Ten Largest Economies

Angola: 19 May - Interest Rate Decision

Egypt: 18 May - Interest Rate Decision … Meanwhile in Other News

Cape Verde: The Business Confidence Index increased from 1 to 2 in 2023Q1 as consumer confidence also improved. (National Institute of Statistics, Cape Verde)

Mauritius: Inflation eased for the fourth month in a row in April 2023, from 9,1% to 8,3% Y/Y, its lowest level since January 2022. Food and transport inflation also slowed, as did the pace of core inflation also. As was anticipated correctly last month, inflation should continue to moderate going forward. (Statistics Mauritius)

Mauritius: Tourist arrivals continue their post-COVID-19 recovery. Arrivals surged 29,4% Y/Y to 109,031 people in April 2023, its highest level for this month since 2017 However, it was a slower rate of growth than the close to 60% pace achieved in March The global slowdown or recession that is coming will throw a spanner in the works going forward (Statistics Mauritius)

Mozambique: After two months of increases, inflation slowed from 10,8% to 9,6% Y/Y in April 2023, its slowest pace since May 2022 The drop was mainly due to lower transport inflation, which fell dramatically from 15,7% to 11,6% Food inflation also slowed but remained high at 17,0% Looking ahead, inflation should broadly continue to fall (National Institute of Statistics, Mozambique)

Namibia: In a big surprise, inflation declined dramatically from 7,2% to 6,1% in April 2023, its lowest level since June 2022. The deceleration was helped along by lower food inflation, which eased from 14,6% to 13,4%, and especially slower transport inflation, which fell from 9,2% to 3,8% Y/Y. While inflation was predicted to start easing soon last month, this is a big drop, so looking forward, inflation should broadly continue to fall, but at a much slower pace. (Namibia Statistics Agency)

Rwanda: Inflation resumed its deceleration in April 2023, slowing from 31,0% to 28,4% Y/Y. Food inflation fell from 62,6% to 54,6%, and transport inflation from 9,2% to 6,5%, even as core inflation rose marginally, from 13,1% to 13,2% Going forward, inflation should resume falling (National Institute of Statistics, Rwanda)

São Tomé and Príncipe: Inflation continued to ease, falling from 23,5% to 22,8% Y/Y in March 2023. Looking ahead, inflation should continue to fall (which was accurately forecasted last month) but it is still likely to remain high. (Central Bank of São Tomé and Príncipe)

Senegal: Inflation resumed its fall in April 2023, slowing from 9,5% to 9,0% Y/Y (this was accurately predicted last month) This was its lowest level since June 2022 Both food and transport inflation eased, from 11,9% to 11,5% and from 4,7% to 4,5%, respectively Going forward, inflation should continue its deceleration (National Agency of Statistics and Demography)

Seychelles: Inflation slowed from 0,9% to 0,6% Y/Y in April 2023 It was the seventh straight decrease in inflation as core inflation slowed from 0,3% to 0,2% while food inflation rose from 1,18% to 1,19%. Inflation should continue to remain low going forward. (National Bureau of Statistics, Seychelles)

Tunisia: Inflation eased for the second month in a row, from 10,3% to 10,1% Y/Y in April 2023 as food inflation slowed from 15,7% to 15,6% and transport inflation declined from 11,4% to 10,2%. This was the smallest increase in prices since December 2022. Going forward, inflation is likely to remain elevated but should slow further. (National Institute of Statistics, Tunisia)

NUMBERS DON'T LIE.

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