The country posted robust economic growth and had one of the strongest GDPs in the sub-Saharan region in 2024. While rising food prices remained, headline inflation cooled in 2024.
During the review period, food prices continued to increase, however, headline inflation cooled by September 2024, giving much relief to cash strapped consumers.
The country continues to post robust economic growth and has one of the strongest GDPs in the sub-Saharan region. The local government’s investment through the National Government Development Plan aims to accelerate economic growth further by improving access to drinking water, healthcare and electricity, which will increase employment rates and consumer purchasing power.
Sustained robust economic growth over a period of many years has led many urban mid- to high-income consumers experience a rise in their disposable incomes, which in turn enables them to consume their preferred staple foods. Lower income consumers prefer to shop at informal markets, which is why categories were less affected by this consumer group’s reduction in its consumption due to rising prices.
Open markets remains the most popular distribution channel for staple foods. This is by far the most traditional retail channel and many people have strong cultural ties to open markets.
More local production of flour is expected over the forecast period thanks to a XOS100 billion investment by the Turkish group MFB International in the construction of local cocoa and flour milling plants. This will reduce reliance on imports of flour and, with the help of government intervention, stabilise flour/bread prices through increased local production.
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
See all of our definitionsThis report originates from Passport, our Staple Foods research and analysis database.
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