Weekly Africa Macro Update: December 23-27, 2024

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 FCFA629/$, owing to a stronger performance of the Euro against the US dollar after the Christmas holidays. With the European Central Bank (ECB) expected to keep trimming rates in 2025, the Euro will likely trade weaker, impacting the XAF’s performance in the coming weeks. 

  • Discount Market: On December 25, the Association of Women Retailers in Cameroon held its annual market fair in Yaoundé, offering food items like plantains, eggs, and fish at 15–20% discounts. The fair temporarily eased living costs for low-income households that spend a significant portion of their income on essential food items. Notably, the event connects female farmers, retailers, and consumers to improve food affordability and availability as vendors come

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Dumebi Oluwole

Dumebi Oluwole

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