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) weakened by 0.5% last week, closing at FCFA583.3/$, as the Euro lost ground, pressured by elevated US interest rates. The European Central Bank (ECB) is expected to cut interest rates in June, driven by soft inflation and sluggish growth, further widening the rate gap with the US Federal Reserve, which has maintained a higher rate environment. In the near term, the XAF’s performance will be shaped by elevated US interest rates and continued trade uncertainty.
- Port Infrastructure: The Port of Douala secured a €147 million ($166.8 million) investment from AFG Bank to finance the first phase of a 900-meter mixed bulk terminal. This funding will support the construction, operation, and renovation of the facility under a 25-year
