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
Retail investors in Cameroon invested 25.9 billion CFA francs ($45.9 million) in government securities as of Jan. 31, 2026. Retail participation...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presumptive tax framework. Authorities exempt nano and small...
Investment firm Phatisa has sold its majority stake in Zambia’s egg producer Goldenlay. Belgian animal feed company Vanden Avenne acquired the...
Ghana has signed a debt restructuring agreement with Belgium, its eighth such deal with external creditors. The agreement forms part of the country’s...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...

As Hormuz and Suez Tensions Escalate, Africa Faces a Potential Energy and Trade Shock
03

Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...

Nigeria Advances Banking Reform With Strong Recapitalization Progress
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
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.