From Kenya, David Waweru of WordAlive Publishers writes,
We've been going through a pretty rough
patch since last year and the global crisis has only complicated things
further. Inflation has been very high, interest rates shot up recently,
prices of commodities and essential services have skyrocketed. It's a very
lean time for the book trade.
At the CLC prayer focus page, from CLC Tanzania's national director Organ Mapinda:
Our
sales are going down as inflation rises. Please ask our CLC friends to
pray for us as we are looking for alternative strategies to boost sales
in this difficult situation. Currently we can’t go out with booktables
because of the high cost of travelling and the low probability of
getting reasonable sales. Also please pray for the staff as they are
experiencing hard times themselves.
In Swaziland, rising prices are also affecting the CLC work:
We have a problem with the rent for
our Nhlangano shop as it has recently been increased by 33% and it will
probably continue to rise each year. Please do pray with us that we
will be able to find a smaller shop at a reasonable rent in Nhlangano,
and pray too for good sales from this centre.
Meanwhile, in Zimbabwe, after a stretch of month-to-month inflation "since the mid-1960s," followed by hyperinflation from March 2007, this year prices are falling:
Zimbabwe’s price deflation follows the involuntary
dollarisation of the economy in the final months of 2008. This has
resulted in the death of the local currency, the Zimbabwe dollar, which
is now rarely, if ever, used for transactions other than for paying the
salaries and pensions of public sector employees.
The combination of the Zimbabwe currency’s demise and
the licensing of retailers and industrialists to sell products in
foreign currency ended nearly two years of hyperinflation.