Absa’s Ridle Markus on the impact of COVID-19 on SSA economies
By CNBC
24 May 2020 |
12:53 pm
As South Africa and Nigeria’s government deliberates on easing lock-down restrictions and re-opening the economy, the bank of Ghana has left rates unchanged and the South African reserve bank is expected to cut rates again this week, for the third time this year. Joining CNBC Africa to unpack the Covid-19 economic ramifications on Sub-Saharan African economies is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.
In this article
Related
31 Mar 2018
Corruption is difficult to decipher in growing economies - Bismarck Rewane.
27 Jul 2018
"The capital market in Nigeria meets the international environment. Nigeria is not in isolation anymore," says Jim Ovia, chairman of Nigeria's largest commercial lender Zenith Bank Plc. He made the comments during an interview with Bloomberg Television's Francine Lacqua in London.
13 Aug 2018
Malaysia, a predominantly Muslim country better known for its recent political turbulence than its gender diversity, now has female bosses at 3 of its 11 homegrown investment banks.
17 Sep 2018
Workers in the world's richest countries are getting their biggest pay bump in a decade as companies seek to attract staff amid shrinking unemployment in the U.S., Japan and the Euro area.
22 May 2019
Gender equality is a topic stressed almost every day globally, and a study conducted by the IMF has seen the urge for women to lead the way in business as an important strategy to improve equality ratings and in turn see a countries economy grow by almost 35 per cent. Donna Rachelson, CEO of Branding and Marketing You and author of SA’s best-selling book ‘Play to Win: What women can learn from men in business’ joins CNBC Africa for more.
30 Jun 2019
Pierre Guislain the Vice President for Private Sector, Infrastructure, and Industrialisation at the AfDB says development banks like Afreximbank and the AfDB have a core mandate to harness the potential of Africa’s private sector to accelerate the continent’s transformation. He explored ways to attain this transformation with CNBC Africa's Christy Cole.
12 Sep 2019
PwC Nigeria says official remittances to Sub-Saharan Africa grew by 10 per cent to $46 billion in 2018. Andrew Nevin, Partner and Chief Economist at PwC Nigeria says these funds are supporting economic activities on the continent. He joins CNBC Africa’s Esther Awoniyi for more.
5 Oct 2019
World Bank to support emerging economies as growth stumbles
5 Apr 2020
One of the most venerable American investment banking houses has relaxed employee dress codes. We were shocked by the move at first – but then we saw a potential upside. You, too?
24 May 2020
As South Africa and Nigeria’s government deliberates on easing lock-down restrictions and re-opening the economy, the bank of Ghana has left rates unchanged and the South African reserve bank is expected to cut rates again this week, for the third time this year. Joining CNBC Africa to unpack the Covid-19 economic ramifications on Sub-Saharan African economies is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.
29 May 2020
Wild animals spring to mind when it comes to conservation across Africa. But COVID-19's disruption of conservation is also destroying the continent's most sustainable economic treasures in rural areas.
6 Aug 2020
The economic damage caused by the virus pandemic is expected to tip thousands of companies across the world into insolvency this year. As governments dig deep to stem the looming tide, their policies differ widely.
Latest
1 hour ago
Beijing said it "successfully completed" major military exercises around Taiwan, and repeated military threats against the self-ruled island following a visit by US House Speaker Nancy Pelosi.
1 hour ago
A North Korean tailor said it had started offering brighter and more elegant clothes for summer, in a recent video released by state media.
1 hour ago
U.S. Secretary of State Antony Blinken said on Thursday he discussed with Rwandan President Paul Kagame "credible reports" that Rwanda continued to support the M23 rebel group in the Democratic Republic of Congo.
2 hours ago
After banning imports of Russian coal in April, Europe's largest coal producer, Poland, is now suffering a shortage. As prices soar, Warsaw is scrambling to find emergency solutions that could speed up its coal phaseout.
2 hours ago
Russia's Foreign Ministry has claimed Switzerland is no longer "neutral," so it cannot represent Ukrainian interests in Russia. The Alpine country has a long tradition of acting as a "protecting power."
2 hours ago
A young Kenyan entrepreneur is offering solutions to the film and music industry by making customized equipment from scratch. Paul Kihuha can make anything and everything for film production using local scrap metal. The genius dropped out of school but was lucky to tap into creative training from his father who was a blacksmith.