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African growth needs higher savings; South Africa’s inflation eases, boosting rate cut hopes.
Ecobank CEO Jeremy Awori called for higher domestic savings to fuel African growth and jobs, warning it could curb youth unrest.
In South Africa, October inflation edged up to 3.6%, with core inflation slowing, paving the way for a likely 25-basis-point rate cut to 6.75%.
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El crecimiento africano necesita mayores ahorros; la inflación de Sudáfrica disminuye, lo que aumenta las esperanzas de recorte de tasas.