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) extended its losses, depreciating by 0.8% w/w (previous: -0.3%) from FCFA627.2/$ to FCFA632.2/$ as the Euro faced downward pressures following the unsettling US-Ukraine alliance talks between President Trump and President Zelensky on February 28. However, the Euro is set to rebound on Europe’s positive momentum towards supporting a Russia-Ukraine peace deal, which will positively affect the XAF in the coming days.
- International Financing: Cameroon faces a funding gap to meet targets in its National Development Strategy (SND30) by 2030 due to limited domestic resources and restricted access to traditional financial markets. For instance, export earnings declined 4.9% in Q3 2024 as non-crude oil and services exports fell. To bridge the funding gap, the government is considering alternative
