Public Management

Paris roundtable: CEMAC surpasses funding target with €9.2bn for regional integration projects

Paris roundtable: CEMAC surpasses funding target with €9.2bn for regional integration projects
Friday, 01 December 2023 03:51

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.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
EIB and ZICB to mobilize €30M for Zambian agribusiness SMEs 30% of funds reserved for women-led enterprises; €4M risk-sharing...
IFC lends 170 million rand to Lula to boost digital, unsecured SME lending 80% of funds will support micro and small enterprises Deal strengthens a...
Presco launches $164M rights issue to fund expansion, open until Dec. 2 Offer allows shareholders to buy 1 new share for every 6...
FEDA invests $300M in A2MP to boost Africa’s mineral processing capacity Funds target rare earths, bauxite, manganese for green tech and...
Most Read
01

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...

World Bank sees precious metal prices staying high until 2027
02

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
03

Launch led by Maroc Telecom, Orange, and Inwi Rollout targets 25% coverage by end-2025 under Digi...

Morocco Launches 5G Nationwide Ahead of 2025 Africa Cup of Nations
04

DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...

DRC in Talks with Alibaba, Isoftstone to Develop a Chinese-Style E-Commerce Model
05

West African officials met in Lomé to improve municipal finances for crisis response Talks focuse...

West African Officials Draft Crisis-Proof Budget Strategy in Lomé
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.