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) depreciated for another week, losing 0.7% w/w against the dollar as it declined from FCFA624.6/$ to FCFA628.9/$. The XAF's performance has been driven by a weaker Euro following recent rate cuts by the European Central Bank (ECB).
- Sanlam-Allianz Merger: Sanlam and Allianz have merged their Cameroonian insurance subsidiaries, forming two new entities: SanlamAllianz Cameroun Assurances for general insurance and SanlamAllianz Cameroun Assurances Vie for life insurance. This merger is part of a September 2023 joint venture to combine their African insurance operations (excluding South Africa) under SanlamAllianz, now Africa's largest pan-African non-banking financial services company. The two firms merged and rebranded their Ghanaian operations earlier in July under the same agreement.
Côte d'Ivoire
- Foreign Exchange: Like the Central African
