Second Eye Africa
  • Home
  • Women
  • Climate
  • Tech
  • Markets
  • Life & Arts
No Result
View All Result
  • Home
  • Women
  • Climate
  • Tech
  • Markets
  • Life & Arts
No Result
View All Result
Second Eye Africa
No Result
View All Result
Home Business and Finance

Central African Republic Unveils $12 Billion Development Plan at Morocco Forum

CAR seeks $12.8 billion for 58 projects to drive growth, modernize agriculture, and expand energy access by 2028.

by Justus Ontita
September 15, 2025
in Business and Finance
Reading Time: 1 min read
A A
Central African Republic Unveils $12 Billion Development Plan at Morocco Forum
175
SHARES
1.3k
VIEWS

The Central African Republic (CAR) has launched a new five-year development program worth $12.8 billion, presented during a roundtable in Casablanca, Morocco, on September 14, 2025.

The initiative, covering the 2024-2028 period, includes 58 projects aimed at revitalizing the economy through investments in agriculture, mining, energy, transport, telecommunications, education, health, and environmental protection.

More Related Articles

Ghana commits $1.2 billion to infrastructure development to drive growth

Egypt and Tunisia Sign Eight Agreements, Aim to Double Trade to $1 Billion in Two Years

Authorities expect the plan to boost real GDP growth by an average of 4.2% annually, reduce poverty levels from 68.8% to 62% by 2028, and increase electricity access from 17% to 40%.

Agriculture and mining are at the heart of the strategy. Agriculture, which accounts for more than half of GDP and employs nearly 80% of the rural population, is set for modernization. Meanwhile, the mining sector—where over 519 mineral indices have been identified—will be developed to attract more private investment. Infrastructure upgrades, particularly in energy and transport, are also central to connecting production areas to markets.

So far, the government has secured about 25% of the required financing. To close the funding gap, it is appealing to development partners, international financial institutions such as the World Bank, African Development Bank, and IFC, as well as private investors and donors.

Through this ambitious plan, CAR aims to lay the foundation for inclusive growth, stronger social services, and a more sustainable economy.

Previous Post

Egypt and Tunisia Sign Eight Agreements, Aim to Double Trade to $1 Billion in Two Years

Next Post

Ghana commits $1.2 billion to infrastructure development to drive growth

Related Articles

Ghana commits $1.2 billion to infrastructure development to drive growth
Business and Finance

Ghana commits $1.2 billion to infrastructure development to drive growth

Ghana has announced plans to invest $1.2 billion this year to strengthen its infrastructure and support economic growth. The government...

Read more
Africa Monitors World Bank’s Commitment of 70% of IDA21 Funds to the Continent
Business and Finance

Africa Monitors World Bank’s Commitment of 70% of IDA21 Funds to the Continent

The World Bank has confirmed that Africa will receive 70% of the financing under its new IDA21 program, equivalent to...

Read more
Next Post
Ghana commits $1.2 billion to infrastructure development to drive growth

Ghana commits $1.2 billion to infrastructure development to drive growth

© 2025 – Second Eye Africa | Site by Mark & Ryse
No Result
View All Result
  • Home
  • Women
  • Climate
  • Tech
  • Markets
  • Life & Arts

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In