Search

Central African States Push for Local Investment to Tackle Poverty and High Costs

President Paul Biya. © Stephane Lemouton/ABACAPRESS.COM / Alamy Stock Photo
  • CEMAC leaders commit to reducing imports and boosting local production to address economic challenges.
  • Regional trade and free movement of goods targeted to drive growth amid conflicts and global disruptions.

Yaoundé, Cameroon – Central African leaders have called for significant local investment to combat high costs of living and widespread poverty in the six-member Central African Economic and Monetary Community (CEMAC). Meeting in Yaoundé, Cameroon, on Monday, they highlighted the devastating impact of armed conflicts, terrorism, climate shocks, and weak political integration on regional development.

Recent Business

A ferry in Botswana. Photo @ Pixabay.
Botswana GDP rebounds 8.2% as diamond surge ends six-quarter slump
Read More »
The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
IMF backs DR Congo with $442mn as Eurobond plans take shape
Read More »
Dr. George Elombi, President of Afreximbank and Mr. Tony Elumelu, Chairman, Heirs Energies Limited with the signed agreement. Photo: Afreximbank
Afreximbank seals $750mn financing with Heirs Energies to boost Nigeria’s oil output
Read More »

Recent Politics

African election. Photo by Mikhail Nilov @ Pexels
East Africa’s electoral bodies face credibility test over disputed polls
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »
African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »

Latest Posts

Latest news insights