Middle East Conflict: S&P Ranks Cameroon Among the Least Exposed African Sovereigns

Cameroon is ranked 21st out of 25 countries by S&P Global Ratings due to its status as a net oil exporter and the limited importance of its imports from the Middle East, which account for only 5% of the total. However, the country faces indirect risks related to international rate changes and access to external financing. The IMF forecasts a growth of 3.3% for 2026, despite tight financial conditions and regional uncertainties.