Public Management

CAR: Food prices jump up to 240% due to security crisis

CAR: Food prices jump up to 240% due to security crisis
Monday, 18 January 2021 18:52

The security crisis currently hitting the Central African Republic has caused food prices to rise. Data provided by the Central African Institute for Statistics, Economic, and Social Studies (ICASEES) show that the prices of basic imported food products jumped from 15% up to 240% during the first week of January 2021.

According to the “price monitoring bulletin,” the hike was observed in the prices of products such as milk powder, salt, sugar, and onions. The survey focused on the market of Bangui, Bimbp, and Begoua.

Moreover, the prices of local food items, including palm oil, cassava, and beef also increased by 16-44%. The situation is, according to authorities, mainly due to the blockage of the Douala-Bangui corridor; a road that plays a key role in import-export in CAR. Another reason is the disruption in the inter-regional supply following the escalation and the spread of armed conflict in the area.

Since December 18, 2020, the Coalition of Patriots for Change (CPC) - composed mainly of the Central African Patriotic Movement (MPC), the Return, Reclamation, Rehabilitation (3R), and anti-Balaka militias - which already controls nearly two-thirds of the Central African territory, launched an offensive towards Bangui. The coalition is challenging the re-election of President Faustin-Archange Touadéra and has engaged in fighting with the government and UN troops for control of the country.

The World Bank said the impact this security crisis has on food prices is much faster and harsher than that of the Covid-19 pandemic which was detected in the country in July 2020.

In the Central African Republic, it is estimated that 70% of the population lives below the poverty line.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Yango Group, through its $20 million venture fund, has made a strategic investment in Zanifu, a Kenyan B2B fintech specializing in inventory...
The West African Development Bank held the first board meeting of its new foundation. Two thematic funds will target emergency solidarity and...
• BOAD approved two refinancing lines totaling CFA25 billion ($44.2 million).• BGFI Bank Côte d’Ivoire will receive CFA10 billion to support the...
• Senegal raised CFA450 billion ($796 million) in its third public bond issue of 2025, one day after Moody’s downgraded its sovereign rating from B3 to...

Most Read
01

• UAC of Nigeria acquired CHI Limited, known for Chivita juices and Hollandia dairy, from Coca-Cola ...

UAC of Nigeria Takes Control of CHI Limited, Former Coca-Cola Subsidiary
02

Senegal’s attempt to diversify its fuel supply by turning to Nigerian crude is bumping up against ha...

Senegal Turns on Nigerian Crude to Diversify its Fuel Supply — But Challenges Loom Ahead
03

• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on jo...

AfDB, BOAD join forces to expand financing for West Africa projects
04

• Nestlé, NGOs urge against delay, propose grace period instead• EU cites technical hurdles, trading...

EU Weighs Delay to 2025 Anti-Deforestation Law Amid Industry Calls to Stay on Track
05

Côte d’Ivoire traced 40% of cocoa for 2024/25 season Most cocoa remains untracked due to info...

With 40% of Its Cocoa Traceable, Côte d’Ivoire Faces a Race to Meet New E.U. Standards
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.