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 by 0.3% w/w from FCFA625.2/$ to FCFA627.2/$ as the Euro came under pressure due to uncertainties around Germany’s federal elections, which took place on February 23. Continued uncertainty around a likely coalition government between the conservatives, which won the elections, and the Alternative for Germany (AfD) signal continued pressure on the Euro, negatively impacting the XAF in the near term
- Kribi Deep Seaport: China’s Harbor Engineering Company (CHEC) has handed over phase two of the Kribi Deep Seaport construction and maintenance to the Cameroonian government. The port, which was birthed under the frameworks of the Belt and Road Initiative and the China-Africa Cooperation Forum, became operational in 2018, improving international trade activities for the country. The
