Tag: Renaissance Capital
Emerging market currencies are extremely volatile, as world markets struggle with growth and recovery. The Rand has been at a tipping point amid Covid-19, driven by global sentiment and now most recently domestic issues. Joining CNBC Africa to unpack risk appetite for emerging markets currencies is Charles Robertson, Global Chief Economist at Renaissance Capital.
Renaissance Capital says brewers in Nigeria are experiencing material decline in beer volumes following the restrictions to movements and gatherings directed at limiting the spread of the coronavirus. Adedayo Ayeni, Vice President, Sub-Saharan Africa Consumer at Renaissance Capital.
Renaissance Capital has revised its growth forecast for Sub-Saharan Africa to 1.3 per cent from its previous estimates of 3.5 per cent. Rencap also notes that oil exporters in Sub-Sharan Africa will be hit hard by the drop in oil prices and they expect Nigeria to fall back into a recession this year. Yvonne Mhango, Sub-Saharan African Economist at Renaissance Capital joins CNBC Africa for more.
According to Yvonne Mhango, sub-Saharan African Economist at Renaissance Capital, Kenya has untapped potential and is its top macro pick for market growth in 2020, she joins CNBC Africa for more on the sub-Saharan Africa market outlook.
Fears of a U.S recession has been looming in the markets over the past few weeks. Many believe that the U.S is already in recession territory with the U.S 3 month Treasury bill being above the 10 year since May, this has been an indication of a recession in the past. Joining CNBC Africa for more is and how it could possibly impact African markets is Charles Robertson, Global Chief Economist at Renaissance Capital.
Global economy becoming increasingly fragile due to trade wars, this is how it’s affecting East Africa
In 2018, real GDP in East Africa grew by an estimated 5.7 per cent, slightly less than the 5.9 per cent in 2017. Economic growth is projected at 5.9 in 2019 and 6.1 per cent in 2020. To speak on the effect that the ongoing global trade wars and oil price fluctuation have on the East African economy, Charles Robertson, Global Chief Economist at Renaissance Capital joins CNBC Africa for more.
Renaissance Capital says trends seen from different brewery results suggests that the premium lager segment in Nigeria may be witnessing a rebound. Dayo Ayeni, Vice President and Sub-Saharan Africa Consumer Analyst at Renaissance Capital joins CNBC Africa for more.
The CEO for Nigeria at Renaissance Capital, Temi Popoola says technology presents Africa with a unique opportunity to leapfrog the challenges of the past. He also described the theme of this year’s AfreximBank Annual Meetings as timely. He discussed this and more with CNBC Africa’s Christy Cole.