Central African economies remain vulnerable to global uncertainty, including US-led tariff risks and commodity price volatility. Oil producers such as Angola and Cameroon are particularly vulnerable, as oil accounts for over 90% of Angola’s exports. While Brent crude rose 7.7% in July (from $67.61 in June to $72.53 per barrel), providing temporary fiscal relief, sustained volatility and a stronger US dollar may undermine currency stability across the region. The Angolan kwanza held steady at AOA 912/$, while the CFA franc (XAF) lost 1.3% month-on-month to close at FCFA574.6/$, highlighting mounting external pressures despite CEMAC's euro peg.
Inflation dynamics are mixed. Annual inflation eased across Angola, Cameroon, and the DRC; however, monthly price pressures rose in Angola and Cameroon due to increasing food and fuel costs. Angola experienced a 30% increase in diesel prices and a 50%
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