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) appreciated by 3.6% w/w last week to close at FCFA577.6/$, supported by a weaker US dollar, driven by the effects of reciprocal trade tariffs, which in turn bolstered the Euro and, by extension, the XAF. The XAF’s outlook remains fragile as ongoing tariff pressures and inflation risks influence the Euro’s performance.
- Mobile Money: Mobile money now contributes over 5% to Cameroon’s GDP, positioning the country as a regional leader in digital finance, according to a recent report by the GSMA. Mobile money usage among adults has risen from 29.9% in 2017 to 42.7% in 2022, with Cameroon now accounting for 71% of mobile money transactions and 55% of total value in the CEMAC region. The increase
