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Currency depreciation across Africa against US dollar

April 2023-March 2024

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by DAMARIS KIILU

News17 July 2024 - 07:16
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In Summary


  • In Nigeria, for instance, the largest economy in the region, disruptive economic policies and currency demonetisation in 2023 contributed to weakened growth in the business services sector.

Risks such as political instability, high debt burdens, elevated costs of living, and depreciating currencies continue to pose risks to the region’s 2future economic growth.

The economic challenges across Sub-Saharan Africa have implications for the real estate sector across the region, with growth in several countries hampered by conflicts, energy crises, and a subsequent weakening in demand across all real estate sectors.

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