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Inflation, Exchange Rates, and Growth: Is Africa Getting the Balance Right?

31
July 2026
By Helmut Sorge & Kingsley Moghalu

This episode explores the macroeconomic challenges facing African economies, highlighting debt, inflation, exchange rate pressures, and vulnerability to external shocks. Kingsley Moghalu argues that sustainable growth requires more than sound monetary policy, calling for stronger institutions, fiscal discipline, investment in human capital, industrialization, and greater economic self-reliance. He also emphasizes the need for a clear development philosophy to support Africa’s long-term economic transformation.

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