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) gained 0.4% last week, closing at FCFA603/$, supported by a weaker US dollar and optimism surrounding the Euro. The Euro gained strength following a German fiscal deal to boost defense spending and economic growth. While uncertainties over US tariff measures are expected to benefit the Euro and ease pressure on the XAF, rising US inflation expectations suggest the Federal Reserve may delay interest rate cuts, potentially impacting the XAF's performance.
- Digital Innovation: The European Union (EU) invested €1.93 million (~$2.11 million) over the last four years to support 12 digital micro-projects in Cameroon. The Promotion of Research, Innovation, and Digital Culture in Central Africa (PRICNAC) project, with a €4.88 million (~$4.88 million) budget, funded 17 projects across
