The Central African Republic (CAR) has signed several strategic agreements with development partners at the Casablanca Investors’ Roundtable.
The agreements mark the first major step toward financing the country’s 2024-2028 National Development Plan (NDP), a reconstruction strategy valued at an estimated €11.2 billion.
Held on September 14 and 15, the summit served as a platform for the CAR to showcase its potential to the international community. Central African President Faustin-Archange Touadéra opened the meeting by urging investors to help turn the country’s vast resources into tangible projects. He highlighted the CAR’s more than 500 mining sites, 15,000 hectares of arable land, and a large, young workforce.
“Investing in the Central African Republic means quickly establishing oneself in a rich and untapped market,” President Touadéra said, promising a favorable legal and business environment for foreign partners.
On the first day, CAR ministers signed several agreements with international companies and economic institutions, particularly in communications and technology. These partnerships signal the willingness of donors and investors to commit to the country’s priority projects.
The event brought together a wide range of international organizations, including the Arab Bank for Economic Development in Africa (BADEA), the African Development Bank (AfDB), the European Commission, the IMF, and the World Bank. Morocco, as the host country, provided significant political and institutional support, reinforcing its role as a major hub for African investment.
A total of 543 projects, including 24 key initiatives, were presented during the summit. These projects are intended to lay the groundwork for a new social contract and rebuild essential infrastructure. The signing of these first agreements is a crucial step for a country working to overcome decades of instability and prove its credibility to the world.
MK/ac/Sf/fss/abj/APA