Cameroon’s inflation rate rose to 7.4% YoY in 2023 from 6.3% in 2022, driven by an 11.1% increase in food and non-alcoholic beverage prices. The country’s central bank projects a continued rise in inflation to around 7% by the end of 2024. Moody’s has revised the outlook for the banking sectors in Egypt, Kenya, and the WAEMU to negative. This adjustment reflects concerns over debt affordability and foreign-currency shortages in Egypt, deteriorating loan quality in Kenya, and political instability within WAEMU nations, impacting business confidence and economic activity.