Central Africa CEMAC raises 3.8 billion euros and exceeds its funding forecasts for eleven energy and transport projects
The Economic and Monetary Community of Central Africa (CEMAC) announced on Tuesday, November 17 at the end of a round table of donors, that it had raised 3.8 billion euros in funds to finance eleven integration projects. regional, to be implemented between 2021 and 2025 in the six CEMAC countries. “The total amount of funding announced or mobilized (at the end of the roundtable) amounts to around 3.8 billion euros, well beyond the amounts sought. The financing of eight projects out of the eleven has been fully completed, ”declared the permanent secretary of the CEMAC Economic and Financial Reform Program (PREF-CEMAC), Michel-Cyr Djiena Wembou. This two-day round table, organized in a hybrid format (face-to-face and virtual), aimed to raise funds from bilateral and multilateral, traditional and emerging, public and private partners, in order to cover the financing needs of the eleven projects to be carried out. between 2021 and 2025 in the CEMAC zone: Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad. The total cost of the projects amounts to 4.072 billion euros, of which 596.74 million euros (14.65%) were already mobilized before the round table. The funding sought was therefore 3.48 billion euros (85.35%).