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 1.4% last week, closing at FCFA575.2/$, supported by a stronger Euro, amid weak US economic data, trade uncertainty, and improved market sentiment. The European Central Bank (ECB) cut its benchmark interest rate to 2%, signalling that inflation will likely remain contained in the medium term, despite ongoing trade uncertainties, reinforcing investor sentiments and bolstering the Euro. In the near term, the XAF’s performance will be shaped by ECB and US Federal Reserve interest rate decisions as well as continued global trade uncertainties.
- Climate Infrastructure: The World Bank allocated $200 million for Cameroon's Resilient Cities and Land Use Planning Project, which aims to improve climate-resilient urban infrastructure and enhance land administration services in cities like Yaoundé
