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 loss from last week (previous 1.1%) to close at FCFA640.3/$ from FCFA636.3/$ as the Euro’s weakness against the US dollar continued. The dollar’s rally is happening as investors weigh President Donald Trump’s tariff plans and the US Fed’s cautious monetary policy directions for 2025.
- Tax Amendments: Cameroon’s 2025 Finance Act, effective January 1 2025, introduced a new CFA4 charge per transaction on mobile money transactions, adding to the existing tax on electronic money transfers—a 0.2% charge introduced in January 2022. Meanwhile, to promote electric vehicle adoption, the government removed the 12.5% excise duty on electric vehicles and will cut the taxable value of imported EVs, motorcycles, batteries, and charging stations by 50% over the next
