"10 African countries with the lowest inflation projections for 2024"

" 10 African countries with the lowest inflation projections for 2024 \r\n\r\n \r\n \r\n \r\n\r\nIn the recent economic estimates highlighted by the African Development Bank, several African countries are poised to have low inflation rates. While inflation has long been viewed with apprehension in economic discourse, the current projections paints a positive picture for most.\r\n\r\nThese projections herald a new era of economic vitality and opportunity for the continent.\r\n\r\nIn a report titled Africa\u2019s Macroeconomic Performance and Outlook 2024, the African Development Bank highlighted the economic trajectory of the African economy via projections for several economic indicators of each African country.\r\n\r\nThe report painted a rosy picture of Africa\u2019s economic growth as it stated that \u201cAfrica will account for eleven of the world\u2019s 20 fastest-growing economies in 2024.\u201d\r\n\r\nWhile the continent has struggled with issues such as currency depreciation, global warming, and rising costs of living, amongst others, this year promises some recovery.\r\n\r\nHistorically, Africa has grappled with a myriad of economic challenges, including high unemployment rates, inadequate infrastructure, and fluctuating commodity prices.\r\n\r\nAmidst these challenges, maintaining stable inflation rates has been an ongoing struggle for many African economies. However, the tide appears to be turning, as several initiatives across the region have been designed to contribute to the positive inflation projections on the horizon.\r\n\r\nWith that said, here are the African countries with the lowest projected inflation levels for 2024, according to the African Development Bank\u2019s report.\r\n\r\n \r\n \r\n \r\n \r\n 10 African countries with the lowest inflation projections for 2024 \r\n\r\n \r\n \r\n \r\n \r\n \r\n Rank \r\n Country \r\n Inflation (%) \r\n \r\n \r\n \r\n \r\n 1. \r\n Djibouti \r\n 1.6% \r\n \r\n \r\n 2. \r\n Comoros \r\n 1.9% \r\n \r\n \r\n 3. \r\n Benin \r\n 2.2% \r\n \r\n \r\n 4. \r\n Seychelle \r\n 2.4% \r\n \r\n \r\n 5. \r\n Togo \r\n 2.5% \r\n \r\n \r\n 6. \r\n Mali \r\n 2.6% \r\n \r\n \r\n 7. \r\n Burkina Faso \r\n 2.7% \r\n \r\n \r\n 8. \r\n Cabo Verde \r\n 2.7% \r\n \r\n \r\n 9. \r\n Libya \r\n 2.7% \r\n \r\n \r\n 10. \r\n Gabon \r\n 2.8% \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n "

"10 African countries with the lowest inflation projections for 2024"

Accra-based Nigerian boxer Joshua Wahab to fight on Usyk vs Fury undercard in Riyadh, Saudi ArabiaAMP

Zimbabwe to fine companies not using the official ZiG FX rateAMP

GSE-CI remains unchanged for fourth trading day closing at 3,648 pointsAMP