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.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Guinea has launched a national school mapping initiative to guide education reforms and investment. About 60% of youth aged 15–24 remain unemployed or...
The world lost 4.3 million hectares of primary tropical forest in 2025, down 36% from 2024. Brazil drove the improvement, cutting forest loss to 1.63...
The World Bank will provide $250 million to improve waste management and create jobs in Kinshasa. Kinshasa produces about 12,000 tonnes of waste...
Egypt’s solar photovoltaic capacity could rise from 2.9 GW in 2025 to 34.3 GW by 2035, according to GlobalData. Total renewable energy capacity could...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....