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MINI India's WPI Inflation Hits 9.68% in May, Fueled by Oil and Metal Prices
India's wholesale price inflation accelerated to 9.68% year-on-year in May 2026, according to the Ministry of Commerce and Industry. The rise was driven by surging fuel, metal, and chemical prices amid geopolitical tensions in West Asia, increasing the risk of imported inflation through supply chains.
MINI Tanzania's Mohammed Dewji: East African Conglomerate and Africa's Billionaire Landscape
Mohammed Dewji, a Tanzanian businessman and one of Africa's 23 billionaires, leads a family conglomerate in textile manufacturing, flour milling, beverages, and edible oils. His business spans East Africa. The BBC World Service's 'The Interview' featured Dewji discussing his wealth and philanthropic commitments, including the Giving Pledge.
Trade BBC World Service Highlights African Billionaires
BBC World Service features Tanzanian billionaire Mohammed Dewji, discussing his wealth accumulation and philanthropic efforts. The program highlights the growth of billionaires in Africa.
Business India's Retail Inflation Hits 3.93% in May, Fifth Straight Month of Rise
India's retail inflation accelerated to 3.93% in May 2026 on an annual basis, rising for the fifth consecutive month, according to data from the Ministry of Statistics and Programme Implementation. Food inflation edged up to 4.78%, while rural inflation at 4.25% outpaced urban at 3.53%. Despite global energy volatility, domestic inflation remained within the Reserve Bank of India's tolerance limit.