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BREAKING
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation

CEMAC presidents convene in Cameroon

  • By Al Mayadeen English
  • Source: agencies
  • 18 Mar 2023 00:13
2 Min Read

The six-nation group (CEMAC), which adopts a unified currency: the CFA franc, comprises of the Central African Republic, Chad, Gabon, Equatorial Guinea, the Republic of Congo, and Cameroon. 

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  • A roundabout near the Place du 20 Mai, 1 December 2005,Yaoundé, Cameroo (Wikimedia Commons)
    A roundabout near the Place du 20 Mai, 1 December 2005, Yaoundé, Cameroon (Wikimedia Commons)

The Economic and Monetary Community of Central Africa (CEMAC) held a one-day conference to discuss the regional economy and the impact of the war in Ukraine.

President Paul Biya hosted five other African Presidents in Cameroon where they held a private meeting not open to the press. 

The six-nation group (CEMAC), which adopts a unified currency: the CFA franc, comprises of the Central African Republic, Chad, Gabon, Equatorial Guinea, the Republic of Congo, and Cameroon. 

Most CEMAC members are oil-exporting states, the prices of which have spiked after the war in Ukraine. 

In the most recent statement of the organization, the respective presidents appraised the "exceptional" economic measures executed by the organization to contain the consequences of the Ukraine war.

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The statement also emphasized  "the importance of pursuing the post-Covid-19 economic recovery plan".

Read more: Macron believes global food crisis to last longer than Ukraine war

Last July, in a meeting with Cameroonian President, president Emmanuelle Macron said The global food crisis will last longer than the war in Ukraine will. Cameroon is a resource-rich country and also a major food producer for Central Africa. 

Read more: Russia, Chad discuss economic cooperation

Back in February, Russia's Ambassador to Chad, Vladimir Sokolenko, announced that Moscow and N'Djamena are discussing the formation of a bilateral intergovernmental commission on economic cooperation to stimulate business and investment.

Chad's projected oil reserves are estimated to be 1 billion metric tons. Oil production accounts for 70% of Chad's budget. 

Read more: Central African Republic PM heads to St. Petersburg for business

  • Africa
  • CEMAC
  • Cameroon

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