This was revealed Monday by Mr Pali Lehola, a South African statistician General at the ongoing African Development Bank Group Annual meeting in the Rwandan capital, Kigali.
“Uganda, Egypt and Ethiopia are the least expensive countries in Africa while #Gabon, #Angola and South Africa, most expensive” Mr Pali said.
He also revealed that Uganda Uganda and Ethiopia have the lowest food prices on the continent.
Gabon and Equatorial Guinea have the highest.
The Annual Meetings are African Development Bank Group Board of Governors meeting. They are provided for in article 31 of the Agreement Establishing the financial institution.
The African Development Bank Group founded in 1964 is also celebrating its 50 years of existence this year.
The bank launched its golden jubilee celebrations on April 22 in Tunis in a colorful ceremony mingled with sober reflections on the Bank’s development journey and how to tackle Africa’s future challenges.
The group also launched the African Economic Outlook (AEO) Report 2014.
It is meant to share findings of this premier collaborative flagship publication by the AfDB, OECD Development Centre and the United Nations Development Programme (UNDP).
Prof Prof. Mthuli Ncube, Chief Economist & Vice-President, @AfDB_Group declared the African Economic outlook report 2014 launched.