Egypt has raised domestic fuel prices by as much as 17 percent, just as inflation accelerated to its highest level in seven months, underscoring the vulnerability of Africa’s second-largest economy to rising global energy prices and escalating tensions in the Middle East.
The price increases, a
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Bunmi Bailey
Bunmi holds a degree in Economics from the University of Lagos and has over eight years of experience in content writing and journalism.
Her career spans roles as a financial and business journalist at BusinessDay Media and TechCabal, and as Head of Research at SBM Intelligence, an Africa-focused market intelligence and strategic consulting firm.
She also served as Editor at Finance in Africa, a subsidiary of Businessfront and is currently Assistant Editor, Finance (Africa), at BusinessDay.
