AFRICAN households will focus on gifts and decorations as they take a more cautious approach to their Christmas holiday spending this year, on the back of a rising cost of living, according to the Cost of Christmas report. A new ‘Cost of Christmas’ study by WorldRemit shows Cameroon (US $650 and Zimbabwe( US$ 254) will be the continent’s biggest spenders this season, with bulk of their expenditure going to gifts and decorations. While Kenyans will spend the most to buy gifts to friends and families at 56% of their monthly household income, Zimbabwe comes second at 41% ,South Africa (38%)…