Tag: oil price crash
“There has been considerable uncertainty and speculation about the capacity of both the West African Economic and Monetary Union (Waemu) and the Economic and Monetary Community of Central Africa’s (Cemac) to absorb these shocks and to protect the value of their respective regional currency pegs to the euro,” writes economist, George Ott.
With news on the markets being dominated by the fall of oil prices, we take a look at what kind of impact this will have on East Africa's biggest economy, Kenya. George Bodo, Director at Callstreet Research and Analytics Ltd joins CNBC Africa for more.
Brent crude futures plummeted further and are currently hovering around $19 a barrel after falling about 10 per cent on increased concerns over a building supply glut and a lack of available storage. Kola Karim, Chairman of Shoreline Group joins CNBC Africa for more.