The city of Yaoundé will host this March 17, 2023, the 15th ordinary session of the conference of heads of state of CEMAC. Paul Biya, current president of CEMAC, invited the five other leaders of the sub-region for a summit that is announced to have economic overtones.
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The work of the Council of Ministers of the Monetary Union of Central Africa (UMAC) has been held since March 15 in the Cameroonian capital. The various ministers in charge of financial matters were gathered to lay the groundwork for the meeting that will host the Palace of Unity.
Among the subjects addressed by the ministers of Umac, the experts mention the issue of the free movement of people and goods in the sub-region.
They are also working on the finalization of the institutional reforms underway within CEMAC, the repatriation of revenue from large companies, the payment of the community integration tax. But, also the question of the merger between Cemac and Ueac.
Leaving France
According to indiscretions, if the CEMAC Heads of State hammer it enough, France could be forced to pay Africa its dividends in relation to the mysterious operations account housed in France. The Heads of State of the CEMAC have above all the opportunity to take a new turn with regard to the France CFA; parting with it is the best option to better get started in the economic sphere on a global scale.
After taking stock, Paul Biya should also give way to his Central African counterpart Faustin-Archange Touadéra. Recall that President Biya has taken the helm of the institution since March 24, 2019. The inclination of the Central African President for cryptocurrency is a hope for many Africans eager to take this salutary step for the monetary sovereignty of the CEMAC countries. .
