The funds pledged exceed the regional institution's initial target of €8.8 billion to finance infrastructure projects aimed at enhancing regional integration and economic diversification.
CEMAC announced securing investment promises of €9.2 billion (about $10.04 billion) for thirteen regional integration projects during a roundtable held on November 28 and 29 in Paris.
"€9.2 billion has been pledged to CEMAC, representing 104% of the initial target of €8.8 billion," stated Michel-Cyr Djiena Wembou, the Permanent Secretary of the Steering Committee for the CEMAC Economic and Financial Reforms Program (Pref-Cemac), at the conclusion of the roundtable involving international donors and investors.
Over two days, CEMAC officials presented thirteen "integrative" projects, including roads, a dry port, railway lines, and electrical interconnection infrastructures, to investors and techno-financial partners. These projects, part of the "infrastructure" component of the Regional Economic Program (PER), aim to boost regional trade, increase local processing of natural resources, further industrialize economies, and enhance resilience to future shocks.
In the first edition of the roundtable for international investors held in November 2020, CEMAC secured commitments of €3.8 billion, surpassing the targeted €3.3 billion.
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
Aya Gold & Silver begins trading on Nasdaq May 4 Dual listing aims to expand investor base, support Morocco projects Zgounder output hits record 4.82...
Funding targets rail upgrades, renewable energy, shift from road transport Deal supports South Africa’s $9.3 billion energy transition...
Uganda targets phasing out fossil fuels in public transport by 2030 Electric vehicles remain under 1% despite pilots and local production $1.7...
World Bank forecasts rubber prices rising to $1.90/kg in 2026 Demand growth, supply deficits drive sixth consecutive market shortage Africa...
In the far north of Cameroon, near the Nigerian border, lies Rhumsiki, a destination that feels almost untouched by time. Set within the Mandara...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...