The Central African Economic and Monetary Community (CEMAC) mobilized €3.8 billion during the meeting with bilateral and multilateral partners. An envelope intended to finance eleven integrative programs to boost development in this part of the continent.

The delegation of the Economic and Monetary Community of Central Africa participated on 17 and 18 November 2020 in the round table of investors in the French capital returned home with a full bag. This is the least we can say in view of the pot collected in front of bilateral and multilateral partners, since the CEMAC, which initially counted on an envelope of 3.4 billion euros,  or 2,230 billion FCFA, was finally able to collect 3.8 billion euros,  or 2,492.6 billion CFA francs.

 
These funds are a real breath of fresh air for the implementation of eleven so-called integrative projects in the six member countries over the period 2021-2025. The Community authorities already had 596.74 million euros (about 392 billion FCA) which represent their share, which represents barely 14.65% of the provisional budget, are enough to consider themselves happy, especially since this meeting takes place in a difficult  economic context reinforced by the health crisis linked to the pandemic of Coronavirus.

For the Steering Committee of the Economic and Financial Reforms Programme of the  (PREF-CEMAC) the objective is to invest in development infrastructure and contribute  to peace, stability and harmony of peoples, which would make it possible to wait for the desired economic emergence  . The choice of the eleven  priority integrator projects stems from their high degree of maturity and preparation. Aligned with the African Union's 2030-2053 agendas and the United Nations' Sustainable Development Goals (SDGs), their achievement will accelerate the region's physical and trade integration. They are fully

 
According to sources close to the matter, this financing consists of loans at concessional rates, loans and grants. We also note the participation of private investors through the Public-Private Partnership (PPP) adopted for the realization of certain projects as well as Islamic finance. Beyond the political procrastination, Central Africa is presented as the least integrated region also owes this delay to the glaring insufficiency of infrastructure.  

The 11 integrating projects of the CEMAC 

– Construction of a bridge over the Ntem River and facilitation of transport and road safety on the transnational Kribi-Campo-Bata road linking Cameroon and Equatorial Guinea

– Construction of the Lolabe-Campo expressway (40 km) between Cameroon and Equatorial Guinea

– Construction of the Ndende-Doussala road (144 km) between Gabon and Congo

– Construction of the Kogo-Akurenam road (South-East Equatorial Guinea – Gabon)

– Brazzaville-Ouesso-Bangui-Ndjamena corridor (Congo/ CAR/ Chad)

– Hydroelectric development of Chollet and power lines (Cameroon / Congo / Gabon / CAR)

– Interconnection of electricity networks (Cameroon – Chad)

– Interconnection of Cameroon with cemac countries by optical fiber

– Construction of the dry port of Beloko (Douala Corridor – Bangui)

– Construction of the dry port of Dolisie (Gabon – Congo Corridor)

– Inter-State University (Cameroon – Congo)