Africa

Netflix has spent a cumulative $175 million (Sh23.5 billion) in film production in Africa since it gained entry in 2016, creating at least 12,000 jobs in the process.

Consumer prices in the United States (US) dipped from 6.5% in December 2022 to 6.4% in January 2023, beating analysts’ forecasts of 6.2%, and raising concerns whether interest rates pivot will come anytime soon.

Central banks have continued to increase borrowing costs, or are holding their lending rates steady to protect their currencies - but the end of the tightening cycle may be in sight.

Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024.