The Stears Weekly Macroeconomic Report highlights the macroeconomic trends and policy shifts shaping the African investment landscape, helping you make informed decisions in dynamic markets.
Country Updates
Cameroon
- Foreign Exchange: The Central African CFA Franc (XAF) traded relatively flat at FCFA 577.6/$ last week, primarily due to the US dollar losing momentum. Market sentiments remain bearish on the US policy direction, further bolstering the performance of the Euro and the XAF, by extension. The XAF’s performance in the coming weeks will remain closely tied to the US dollar's performance amid global market uncertainties regarding the ongoing trade war and fears of a recession.
- Social Safety Program: The World Bank announced an additional FCFA 20 billion ($34.6 million) to support Cameroon’s adaptive social safety net and economic inclusion project, bringing the total program funding to FCFA 166 billion ($287.7 million). The new funds aim to assist around 100,000 vulnerable households affected by the 2024
