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Cost-of-living crisis: experts share 3 survival tips

Cost-of-living crisis: experts share 3 survival tips

THE price increases for essential goods such as food, petrol and household utilities are a global concern, but the region most hurt by the surge in food prices is sub-Saharan Africa. The knock-on effect from the supply chain disruption caused by the COVID-19 pandemic, climate disasters that resulted in food insecurity and energy shortages have driven prices through the roof. A report by Numbeo, which contains the world’s largest database on costs of living, found that South Africa is the ninth most expensive African country to live in and the most expensive in cost of living (in terms of groceries,…
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Rwanda raises pump prices of petrol, diesel on Ukraine war supply concerns

Rwanda raises pump prices of petrol, diesel on Ukraine war supply concerns

THE prices of petrol and diesel at the pump were increased in Rwanda, the utility regulator said, amid instability in the global oil market caused by Russia's invasion of Ukraine in February. Rwanda has stabilised fuel pump prices since May 2021 by foregoing some taxes on petroleum products in a bid to dampen inflation. But on Monday the landlocked country hiked the price of petrol 8.2% to 1,359 Rwandan francs ($1.32) per litre and diesel 13.9% to 1,368 Rwandan francs ($1.33) per litre for the next two months, said Deo Muvunyi, head of the Rwanda Utilities Regulatory Authority. "We had…
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