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Central Africa: Central African Economy Ministers Meet to Merge Regional Economic Groupings
VOA, 10 August 2022
Central African ministers meeting in Cameroon have agreed to merge two regional blocs in a move to boost trade and growth. The 11-member Economic Community of Central African… Read more »
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Central Africa: Central Africa Calls for Investments to Counter Impact of Russia's War
VOA, 16 March 2023
Central African economy ministers are calling for investing in energy and farming as Africa's poorest region struggles to recover from natural disasters, armed conflicts, and… Read more »
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Congo-Kinshasa: DR Congo's Place in Africa's Manufacturing, Economic Potential
The Exchange, 1 November 2022
The DRC must participate in the regional bloc's industrial revolution to help influence regional and global manufacturing and economic growth. Read more »
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East Africa: Investors Say DR Congo Entry to the Region to Boost Human Capital
Capital FM, 23 March 2022
Investors at EFG Hermes have noted that the entry of Democratic Republic of Congo(DRC) to the East African Community will see tremendous growth in human capital hence making the… Read more »
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São Tomé and Príncipe: World Bank Scales Up the Social Protection and Skills Development Project in São Tomé and Príncipe With $8 Million
World Bank, 3 March 2021
The World Bank Board approved additional financing of $8 million for the Social Protection and Skills Development Project (SPSD) in Sao Tome and Principe (STP). This grant… Read more »
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Gabon: U.S. Relations With Gabon
State Department, 21 January 2022
More information about Gabon is available on the Gabon Page and from other Department of State publications and other sources listed at the end of this fact sheet. Read more »
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Cameroon: Keeping Growth Objectives After All!
Cameroon Tribune, 3 January 2022
With the ravaging Covid-19 pandemic that has altered almost everything on planet earth, countries are readjusting to keep their economies afloat and Cameroon cannot afford to be… Read more »
Central African Nations Moving to Rescue Flagging Economies
Ministers from Central African nations - Cameroon, Central African Republic, Chad, Congo Republic - Brazzaville, DR Republic of Congo, Equatorial Guinea, Gabon, São Tomé & Principe and Angola - are meeting today, March 17, 2023 to look at new investment opportunities to shake up their respective economies.
In 2022, the Central African ministers agreed to merge two regional blocs in a move to boost trade and growth. The 11-member Economic Community of Central African States (ECCAS) joined with the six-member Economic and Monetary Community of Central Africa (CEMAC). The deal aimed to eliminate rivalry that has helped to make central Africa the poorest region among Africa's economic groups.
Central Africa's lull in economic growth has largely been caused by natural disasters, armed conflicts, and the fallout from Russia's invasion of Ukraine.
The central African region is also looking for investments in the energy sector.
