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Protests in Nigeria & Cote d’Ivoire threaten to slow economic activity
Protests in Nigeria and Cote d’Ivoire are threatening to once again slow economic activity. In Nigeria, protests against police brutality have been gathering momentum across the country, with mounting fears that it could worsen the already difficult economic situation. The Lagos Chamber of Commerce and Industry noted that the protests are adversely affecting business and could lead to a shutdown of the economy if not properly managed. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.
Mon, 19 Oct 2020 10:42:19 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Protests in Nigeria and Cote d’Ivoire pose a serious threat to economic stability in the region.
- The Lagos Chamber of Commerce and Industry warns of potential economic shutdown if protests continue unchecked.
- The business communities in both countries are on high alert, closely monitoring the situation and its implications on economic activities.
Protests in Nigeria and Cote d’Ivoire are sending alarm bells through the business communities in both countries, as fears of an economic downturn loom large. The protests in Nigeria, initially sparked by concerns over police brutality, are now gaining momentum and threatening to exacerbate the already dire economic situation. The Lagos Chamber of Commerce and Industry has issued warnings about the adverse impact of the protests on businesses, expressing concerns that if not managed properly, the economy could face a shutdown. Meanwhile, in Cote d’Ivoire, protests have also disrupted economic activities, adding to the region's economic woes amid the global COVID-19 pandemic. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking, offered insights into the potential ramifications of the ongoing unrest. Amidst the turmoil, the business communities in both countries are bracing for challenging times ahead. It remains to be seen how the governments will navigate the delicate balance between addressing the protesters' grievances and ensuring economic stability.
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