Tracking movements shaping Africa’s market space

As the US Federal Reserve gears up for its annual meeting, the focus on inflation and monetary policy has heightened, with potential repercussions for financial markets in Africa. Ridle Markus, Africa Strategist at Absa Corporate & Investment Banking, joined CNBC Africa to shed light on the impact of global events on the continent's economy. The conversation delved into the implications of the upcoming Jackson Hole symposium, central banks' response to inflation, the delicate balance between supporting economic recovery and taming prices, the pace of vaccination drives, and key economic indicators shaping Africa's market space. The discussion highlighted the cautious optimism surrounding Africa's economic recovery, despite challenges such as slow vaccination rates. Investors are eyeing the continent's growth prospects, while keeping a watchful eye on key developments such as Nigeria's second-quarter GDP numbers and Zambia's economic trajectory under new leadership. With a focus on maintaining a balanced approach towards economic policies, central banks in Africa are navigating through uncertainties to drive sustainable growth in the region.