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: Like the previous week, the Central African CFA Franc (XAF) traded relatively flat at FCFA 577/$ last week, as the US dollar continued to lose steam amid the escalating trade war with China, which strengthened the Euro. The Euro’s momentum will continue to bolster the performance of the XAF in the near term, easing inflationary pressures. Efforts to de-escalate the US-China trade war are underway. If this progresses, the US dollar is likely to recover, potentially putting downward pressure on the Euro and CFA francs in the coming months.
- Cocoa Output: Cameroon, the fourth-largest cocoa producer in Africa according to the International Cocoa Organization (ICCO), could see its cocoa production rise to 306,800 tons by the end of the 2024–2025 season, marking its
