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.
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Namibia’s regulator proposed tax relief to lower the cost of 4G-compatible smartphones and expand broadband adoption. About 35% of Namibia’s...
Congo launched technical studies for the 510-MW Kitéké hydropower project near Brazzaville. Authorities plan to double national power capacity to...
African avocado exports rose 16.7% in 2025 to 430,432 tonnes, according to FAO preliminary data. Morocco became Africa’s top avocado exporter...
Sea levels off African coasts have risen at a rate four times faster since 2010 than in the 1990s, driven mainly by ice-sheet melt. About 80% of the...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...
Streaming dominates music, reshaping royalties and artist income worldwide Sub-Saharan Africa grows fast, but payouts stay far lower Platform, region,...