RMB’s portfolio of African countries continue to contend with the effects of COVID-19. A global growth outlook of -4.1% expected by the IMF suggests that economic contraction will be significant. The full effects of the pandemic will probably only be captured in 2Q20, with slowdown still to be felt in 3Q20. Sub-Saharan Africa Economist Daniel Kavishe shares the past six months with 702, and looks ahead.

RMB is a leading African Corporate and Investment Bank.

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