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
Higher global copper prices, rising demand for the local currency as commercial banks ramp up reserves, and central bank interventions continue to support the Congolese Franc (CDF), which posted a 7.2% gain last week. Meanwhile, the CFA franc (XAF) weakened amid the euro’s losses due to political instability in France, a trend that could persist in the coming weeks.
Key developments
Angola
- Inflation trends: Angola's annual inflation rate extended its downward trend in September 2025, falling to a near two-year low of 18.24% from 18.88% in August, driven by the relative stability of the kwanza and improved market availability of imported goods. Price growth decelerated across almost all major consumption categories, including food and non-alcoholic beverages, confirming the gradual success of the tight monetary policy implemented by the
