Search

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

Subscriber only Subscriber only
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.

You need an active subscription to continue reading this article.

Recent Business

Islamic Architecture Mosque in Dakar, Senegal. Photo by Yacoub Ethmane @ Pexels
Senegal seeks $3.2bn from diaspora as debt hits 119% of GDP
Read More »
A civilian on the street of Libreville, Gabon. Photo @ Unsplash
Gabon returns to market with $89mn bond issue
Read More »
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Can fiscal restraint shield Ghana from another debt spiral?
Read More »

Recent Politics

Steel factory. Photo by Peter Herrmann @ Unsplash
Nigeria’s steel dreams still idle after billions spent
Read More »
Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »

Latest Posts

Latest news insights