Sub-Saharan Africa faces challenging external conditions, according to UNCTAD Report capitalethiopia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalethiopia.com Daily Mail and Mail on Sunday newspapers.
Shipping companies are diverting cargoes after Iran-backed Houthi militants attacked commercial vessels plying the Red Sea. The vessels will have to sail around Africa instead of taking the shorter route through the Suez Canal.
Maritime trade is seeing disruptions as the Panama Canal runs dry during a prolonged drought that has been going on for 20 years already. Read more here.
Prices even higher. so the ten hours maria spends selling bread won t be enough to feed her two children. she said customers don t have cash anymore. often refuse to pay the going rate. even on the slopes of mt. kenya, they are hurting. they had to slash the workforce. the cost of fertilizer for tea and coffee plantations has doubled in recent months. you have no money to buy supplies and that s high cost. reporter: and russia is one of the world s biggest fertilizer producers. sanctions and trade disruptions are likely to push prices even higher. could this be any worse timed? the war is at one of the worst times. because we re already thinking we re in a recovery mode. on top of that, there were already inflation pressures that were across the world. africans are spending a lot on fuel. and spending a lot on food. in this current moment, this is
They ve lost about $240 million in sales because of this eight-day enhanced check. the governor says he was doing this in response to president biden noting he was going to repeal title 42. the governor said that he was doing this to check for human smuggling and drugs but what this did at the end of the day was cause massive trade disruptions and will take several weeks now for the supply chains to catch up, jessica. and to kind of unwind alm of that. let s talk mortgage rates. they hit 5% for the first time in over a decade. how is that going to impact those looking to become homeowners? it s a really hot real estate market right now. it s going to make it a lot more expensive. over the last year or so we were seeing mortgage rates below 2%. that was incredibly attractive for home buyers to go out and buy a home. after the federal reserve