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 1.1% last week, closing at FCFA598.1/$, as the US dollar strengthened. The dollar gained momentum after the US and China agreed to pause tariffs for 90 days, easing recession fears. Additionally, inflation concerns fueled expectations that the Federal Reserve might delay rate cuts, further boosting the US dollar’s appeal. In the near term, elevated US interest rates and persistent concerns over trade turbulence will continue to influence the XAF's performance.
. - Public Debt: Cameroon’s public debt reached FCFA14,442 billion ($24.58 billion) as of March 31, 2025, marking a 5.7% increase over the past year. The country is implementing its 2025-27 Medium-Term Debt Strategy with the goal of keeping public debt below 50% of GDP. This approach
