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 last week, declining by 2% to close at FCFA 591.3/$ as the US dollar strengthened. Optimism surrounding a US-UK trade deal boosted confidence ahead of upcoming US-China talks, and boosted the dollar. The Federal Reserve's decision to keep interest rates unchanged maintained a favourable US-Eurozone rate differential, further pressuring the Euro and XAF. In the weeks ahead, the US-Eurozone interest rate differential, favouring the US, combined with new trade agreements and easing tensions, is expected to continue weighing on the Euro and XAF.
- ATIDI Backed Projects: Since 2021, Cameroon has attracted approximately CFA130 billion ($224 million) in investments, supported by African Trade & Investment Development Insurance (ATIDI) guarantees. ATIDI has directly contributed $45 million (about CFA26
