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
Central Africa
Foreign exchange
The CDF continued its upward trend last week as the central bank retained its interventions and rising local currency demand. The sustained increase in global copper and cobalt prices, also supported the 8.1% currency gain, a trend we anticipate to continue in the near term as reserves stay strong. The CFA franc (XAF) marginally gained amid the euro’s improvements as political tensions in France are starting to ease following the appointment of a new prime minister.
Key developments
Angola
- Trade agreements: The Angolan government concluded the National Forum on the African Continental Free Trade Area (AfCFTA) Implementation Strategy, marking a key commitment to accelerating economic diversification and regional integration away from its historical dependence on the oil sector. The forum, supported by the UNECA and the Government of
