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<p>Sub-Saharan African PMI’s released by Markit Economics rose in June although business conditions in the six countries that were surveyed continued to weaken. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.</p>


SSA PMI’s rose in June despite COVID-19 shocks

SSA PMI’s rose in June despite COVID-19 shocks, here’s why

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<p>Mauritius released its first quarter GDP numbers today, reporting a 2 per cent year on year contraction in economic activity. The weak performance in the first quarter was driven largely by contractions in agriculture, construction and wholesale and retail trade sectors. Botswana and South Africa also release GDP data this week and joining CNBC Africa for more is Ridle Markus, Africa Strategist at ABSA Corporate and Investment Banking.</p>


Mauritian economy contracts 2% in Q1 on COVID-19 headwinds

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<p>Ratings agency Fitch has revised the outlook on Kenya’s B+ sovereign ratings to negative from stable, while affirming the rating. And the Financial Times reported that Senegal President Macky Sall, in an interview, disclosed that oil and gas projects in the country could be delayed by up to two years due to COVID-19. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.</p>


Fitch revises Kenya’s B+ rating to negative from stable

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<p>S&#038;P Global Ratings has affirmed Uganda’s foreign and local currency long- and short-term sovereign ratings with stable outlook. And the week ahead if filled with inflation data from Nigeria, Botswana and GDP numbers from Ghana. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa for more.</p>


COVID-19: Tracking market movements across the African continent

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<p>The rand is rallying. Eight million people are back at work. Petrol will cost one rand and eighteen cents per litre more from next month and the latest Absa Purchasing Managers Index business activity sub-index rebounded to 43.2 in May after collapsing to an all-time low of 5.1 in April. The magnitude of the increase is surprising, given that most parts of the manufacturing sector could only operate at 30 per cent of employment capacity in May due to lockdown.  Miyelani Maluleke, Economist at Absa Corporate and Investment Banking joins CNBC Africa for more.</p>


Absa May manufacturing index surprises

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<p>Moody’s has changed Botswana’s A2 sovereign ratings from stable to Negative due to the Covid-19 shock to growth and revenue on the economy and its diamond sector. Joining CNBC Africa more is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.</p>


COVID-19: Moody’s downgrades Botswana’s A2 sovereign ratings from stable to negative

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<p>Nigeria’s GDP data and MPC announcement  is expected later this week and Moody’s has changed the outlook on Namibia’s sovereign rating to negative from stable as it sites economic and financial pressure on Namibia amid the Covid-19 crisis. Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking joins CNBC Africa for more.</p>


Moody’s changes Namibia’s rating from stable to negative

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<p>The focus for many Sub- Saharan African countries is the re-opening of economies following strict lock-downs that were implemented in March due to the Covid-19 pandemic. Joining CNBC Africa to unpack more on the re-opening of African economies is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.</p>


COVID-19 lockdowns: When is the right time to reopen economies?

COVID-19 lockdowns: When is the right time to reopen African economies?

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<p>The International Monetary Fund has approved the payment of funds to a number of African countries such as Ghana, Senegal and Mozambique, under the Rapid Credit Facility which is set to help countries deal with the impact of the COVID-19 pandemic. Ridle Markus, Africa Strategist at ABSA Corporate and Investment Banking joins CNBC Africa for more.</p>


IMF approves funds to Ghana

IMF approves funds to Ghana, Senegal & Mozambique to fight COVID-19

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<p>As South Africa settles into the second week of the COVID-19 lockdown many have expected the lockdown to be extended, if this is so, the economic repercussions for the country could be dire. Joining CNBC Africa to unpack the possibilities of economic stimulation and growth during and after the COVID-19 crisis is Jacques Nel, Head of Africa Macro-economic Research at NKC African Economics and Miyelani Maluleki, Economist at Absa Corporate and Investment Banking.</p>


The economic cost of COVID-19 on South Africa

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<p>Miyelani Maluleke an Economist at Absa Corporate and Investment Banking joins CNBC Africa to discuss the economic impact that the national lock-down will have on South Africa and the hardest hit industries being mining and manufacturing.</p>


The cost of a lock-down on SA’s economy

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<p>Investors have been rushing towards gold as a safe haven amid the global Coronavirus pandemic threatening oil and equity markets. One person who has seen this huge demand of the precious metal is Alan Demby the Chairman of the South African Gold Coin Exchange; he joins CNBC Africa for more on the high demand for gold during these uncertain times.</p>


Investors rushing for gold amid COVID-19 fears

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<p>As COVID-19 cases climb in Africa, countries have had monetary responses to the issue such as South Africa and Namibia cutting by 100 basis points, Ghana by 150 and Nigeria keeping rates unchanged in yesterday’s MPC announcement. Joining CNBC Africa to unpack the economic impact of monetary response to COVID-19 in Africa is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.</p>


Absa’s Ridle Markus on Africa’s monetary response to COVID-19

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<p>As the COVID-19 pandemic grips the world, Sub-Saharan Africa countries have implemented travel bans from high risk countries and regions in order to curb the number of infections in Africa. Joining CNBC Africa to unpack the economic and social impact that this will have on African countries is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.</p>


How the COVID-19 pandemic will impact SSA economies

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Moody’s has downgraded Angola’s sovereign rating to B negative with a stable outlook  pricing  in the impact of lower oil production and lower oil prices. Joining CNBC Africa for today’s Africa Exchange segment is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking.</p>


Moody’s downgrades Angola’s ratings to B-minus

Moody’s downgrades Angola’s ratings to B-minus, outlook stable


<p>Absa Corporate and Investment Banking (CIB) says it is stepping up its capabilities in Transactional Banking to respond to ever changing client needs. Yasmin Masithela, Managing Executive for Transactional Banking, says clients no longer want generic products, they are expecting customised solutions that are customer centric and flexible to their needs.</p>



<p>“Clients are looking for
solutions that allow them to transact seamlessly across regions, they are
looking for efficient, scalable, secure and innovative solutions.&nbsp; We have seen a trend of the clients who want
plug and play solutions that are enabled through technologies such as Application
Programming Interfaces (API), minimising of development of intensive
integration,” she says. </p>



<p>“This includes enabling our online channels to allow clients to transact direct from our online platforms. This has a significant impact on the integration cost reduction and operational efficiencies and embraces a best of breed technology,” Masithela says. </p>



<p>Absa currently offers cash
management solutions which help clients to collect and make payments securely
and efficiently, across geographies. In some cases where clients experience
funding gaps, the bank can assist them by providing them with trade and working
capital finance and other Risk mitigating solutions.&nbsp; In addition, we offer international trade and
foreign exchange proposition in our transactional banking suites.&nbsp; </p>



<p>“We also strive to enable clients to manage their liquidity effectively and ensure there is always sufficient cash available for them to get business done. &nbsp;&nbsp;These services are enabled through our online banking platforms which we are building and enhancing, as well as our host-to-host solutions which are existent,” she says. </p>



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<p>Absa also provides
multi-product solutions tailored to the current business needs of its clients
and will be focusing more on anticipating what their future needs might be as
they expand. This means continuing to invest and innovate the transactional
banking offering which will result in the bank providing an even more highly
personalised service with insights into the specific sectors they operate in. </p>



<p>Masithela says Absa has
invested significant resources into building a superior digital experience for
hyper-connected banking across multiple channels. This includes our current
focus of end-to-end process automation and integration to digitally transform
customer journeys and reduce process complexity.&nbsp; </p>



<p>“Because of our pan-African
presence and our experience as a leading financial services provider on the
continent, we also have the benefit of a unique understanding of the diverse
transactional needs of our clients in different environments. </p>



<p>Masithela says in line with
CIB’s pan-African growth strategy, the bank will introduce new solutions to
further strengthen its transactional banking capabilities. </p>



<p>“In this respect, we are introducing
new propositions in the next few months which will help our focus on growth. &nbsp;We will be landing our single sign on portal &#8211;
Absa access that will allow clients to transact in one place in their digital
framework of choice be it, Online, mobile or through a host platform and
finally through API’s in a safe environment.</p>



<p>We want to offer our clients propositions that are simplified and seamless we are focused on creating a great experience for our clients, across our transactional offerings and truly enabling our clients to grow their business through the use of our platforms.</p>



<p><em>Content provided by Absa</em></p>


Absa Reboots Image As 100 Years Of Barclays In Africa Ends

How Absa is gearing up to respond to client needs in transactional banking

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Joining CNBC Africa for Africa Exchange segment is Ridle Markus, Africa Strategist at Absa Corporate and Investment Banking for the slew of monetary data that is out in Botswana, Zambia and Namibia and the possible impact of the Coronavirus on Sub-Saharan Africa.</p>


absa corporate and investment banking

SSA PMI’s rose in June despite COVID-19 shocks, here’s why

Mauritian economy contracts 2% in Q1 on COVID-19 headwinds

Fitch revises Kenya’s B+ rating to negative from stable

COVID-19: Tracking market movements across the African continent

Absa May manufacturing index surprises

COVID-19: Moody’s downgrades Botswana’s A2 sovereign ratings from stable to negative

Moody’s changes Namibia’s rating from stable to negative

COVID-19 lockdowns: When is the right time to reopen African economies?

IMF approves funds to Ghana, Senegal & Mozambique to fight COVID-19

The economic cost of COVID-19 on South Africa

The cost of a lock-down on SA’s economy

Investors rushing for gold amid COVID-19 fears

Absa’s Ridle Markus on Africa’s monetary response to COVID-19

How the COVID-19 pandemic will impact SSA economies

Moody’s downgrades Angola’s ratings to B-minus, outlook stable

How Absa is gearing up to respond to client needs in transactional banking

How the coronavirus outbreak impacts SSA’s growth outlook

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absa corporate and investment banking

SSA PMI’s rose in June despite COVID-19 shocks, here’s why

Mauritian economy contracts 2% in Q1 on COVID-19 headwinds

Fitch revises Kenya’s B+ rating to negative from stable

COVID-19: Tracking market movements across the African continent

Absa May manufacturing index surprises

COVID-19: Moody’s downgrades Botswana’s A2 sovereign ratings from stable to negative

Moody’s changes Namibia’s rating from stable to negative

COVID-19 lockdowns: When is the right time to reopen African economies?

IMF approves funds to Ghana, Senegal & Mozambique to fight COVID-19

The economic cost of COVID-19 on South Africa

The cost of a lock-down on SA’s economy

Investors rushing for gold amid COVID-19 fears

Absa’s Ridle Markus on Africa’s monetary response to COVID-19

How the COVID-19 pandemic will impact SSA economies

Moody’s downgrades Angola’s ratings to B-minus, outlook stable

How Absa is gearing up to respond to client needs in transactional banking

How the coronavirus outbreak impacts SSA’s growth outlook

News Tips

Advertise With Us

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