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 1.6% w/w from FCFA635.1/$ to FCFA625.2/$ as the Euro gained on market optimism surrounding a potential Russia-Ukraine war ceasefire and its positive implications on Europe’s growth. However, uncertainties surrounding US tariff impositions, which could strengthen the US dollar, pose risks to the Euro—and, by extension, the XAF—in the near term
- Public Debt: Interest payments on Cameroon’s Treasury Bonds (BTA) have risen from 2.7% in 2020 to 6.3% in 2024, reflecting higher debt service costs. The coverage rate for short-term financing needs has dropped from 207% to 69% over the same period, signalling weaker investor confidence as regional frontier market yields remain competitive. To boost public debt participation, the government plans to expand its investor base
