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) remained stable at FCFA 579/$ last week, as the US dollar regained strength following a reduction in US-China trade tensions. While US trade policies continue to exert pressure on the Euro and XAF, this week's Federal Reserve policy decisions could further influence the currency’s performance. The Fed is expected to hold interest rates, as inflation expectations and a strong labour market limit the likelihood of immediate rate cuts. In the coming weeks, the US-Eurozone interest rate differential, favouring the US, will likely put additional downward pressure on the Euro and XAF.
- Bottle Water Production: Cameroon’s state-owned water utility, Camwater, is entering the bottled water market and seeking qualified companies to develop ultrafiltration and bottling facilities in five
