BDEAC unveils FCFA 60 billionin vestment to boost Central Africa’s development

The Development Bank of the Central African States (BDEAC) has greenlit several project financing proposals across vital sectors during its board meeting on May 13 in Douala, Cameroon. These investments, totaling FCFA60 billion, primarily target agriculture, agro-industry, air transport, and financial services, as stated in the BDEAC’s press release following the board meeting. However, the breakdown of the funds by country has not been disclosed. For agriculture and agro-industry, BDEAC seeks to modernize the sector, promote sustainable farming practices, and support SMEs. The goal is to bolster regional food security, economic growth, and job creation. The allocated funds for air…