Inflation hits Ramadan in Senegal
12 April 2022 | 2:18 pm
The price of staple foods like rice, onions and oil is rising in Senegal - leaving Muslim families who are celebrating Ramadan relying on charity.
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Clashes between supporters of opposition leader Ousmane Sonko and the police have killed at least 15 people. The violence erupted after he was sentenced to two years in prison.
Police and protestors clashed again in Senegal's capital Dakar on Friday as unrest picked up one day after a jail sentence for opposition politician Ousmane Sonko sparked some of the deadliest violence in the country in recent memory.
The Reserve Bank of India has left the benchmark repo rate unchanged at 6.5% as inflationary pressures ease. However, the bank warned some risks remain.
Recent deadly opposition protests have dented the image the West African country once enjoyed as a beacon of democracy. Experts now say the political standoff could negatively affect the economy.
Food prices have almost doubled within a year, and increasing numbers of retired people are falling below the poverty line. Meanwhile, the government continues to invest heavily in the arms industry.
The latest El Nino climate phenomenon has arrived, threatening floods in some areas of the world and droughts in others. Previous disruptive weather patterns cost the global economy trillions and stoked inflation.
Annual inflation dropped to 5.5% in the 20 eurozone countries. However, the European Central Bank is still expected to raise interest rates in July.
African currencies have lost ground against the US dollar this year, further driving inflation in the import-reliant region. Depleting dollar reserves have left policymakers with limited options to arrest the decline.
Kevin Aubert founded Senegal's last photo studio of its kind two years ago. In its darkrooms he hopes to rekindle his country's love for film photography and the analog process.
Senegal's opposition leader Ousmane Sonko has been mired in a flurry of legal woes, which he says are a bid to keep him out of politics.
Senegal blocks TikTok in widening clampdown on dissent
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