AGP Executive Report
Last update: 2 hours agoCEMAC Currency: Five older CFA franc coin series will lose legal-tender status on November 1. Holders will have a year to exchange them, though BEAC has yet to announce where. Trade Links: Cameroon has opened bids to rebuild 167 km of the Yaoundé–Edéa road, part of the Douala–Bangui corridor that carries more than 80% of the CAR’s foreign trade. Air Connectivity: Chad’s Royal Airways has launched Douala–Bangui flights, adding a route intended to support regional commerce. Mining: Russia and the CAR agreed on more than 30 measures to map mineral resources, prepare potential investment sites and train local specialists; no new extraction contracts were announced. Corridor Funding: Cameroon has authorization to sign a $407 million World Bank loan for the Douala–Bangui corridor, while the broader programme allocates $90 million to the CAR. Credit Costs: CEMAC’s average lending rate fell to 10.94% in the second quarter, but the CAR’s rate remained higher at 14.36%.
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