Business in the Central African Republic
EENI - Business School.
Subject (Course): Foreign trade and business in the Central African Republic (CAR). Bangui.
- Introduction to the Central African Republic (Central Africa).
- Doing Business in Bangui.
- The Economy of the Central African Republic (CAR).
- International Trade
- Case Study:
- Kamach Group
- Introduction to French
- Access to the Central African Market
- Business Plan for the Central African Republic
Aims of the subject “Doing Business in the Central
- To analyse the Central African economy and foreign trade
- To evaluate business opportunities in the Central African Republic
- To explore the Central African Republic's trade relations with the student's country
- To know Central African Republic's Free Trade Agreements (FTAs)
- To examine the profile of Central African Companies
- To develop a business plan for the Central African Market
Subject Description: International Trade and Business in the Central African Republic
The Central African Republic: a country in economic transition.
- The Central African Republic (Africa) reached the limit of the Heavily Indebted Poor Countries Initiative.
- Poverty is a real phenomenon
in the Central African Republic: 67% of the population (2,618,000 people) lives below the poverty line.
- The main cities in the Central African Republic are Bangui, Bimbo, Berberati, Carnot, and Bambari Bouar
- The official languages of the Central African Republic are French and Sango
- Population: 3,895,139
- Area: 623,000 square kilometres
- Independence of the Central African Republic: 1960 (France)
- Neighbouring countries Sudan, South Sudan, Chad, Cameroon, the Republic of the Congo, and the Democratic Republic of the Congo.
Religion in the Central African Republic.
- Christianity: Catholicism (0.9 million) and Protestants (0.9
The Central African Republic belongs to the Central African Economic Area of the African Civilisation.
The economy of the Central African Republic.
- Serious political crisis: Transition Framework (self-proclaimed President)
- GDP growth (2014): -34.2%. 2015: 1.5%
- Primary sector: 50% of GDP
- Secondary sector: 20%
- Tertiary sector: 30%
- The inflation: 6.5%
- Currency: CFA
- Most dynamic sector: new technologies
- Mining potential: diamonds, gold, uranium, iron, and petrol
- Agriculture accounts for 55% of GDP in the Central African Republic.
- The main crops are cassava, plantain, maize (corn), coffee, cotton, and snuff.
- The Northwest and the centre of the Central African Republic represent a
significant agricultural region for crops of cotton and sugar-cane.
- Forestry in the Central African Republic contributes significantly to the gross domestic product, with extensive tropical timber resources.
- Mining (gold represents another important resource of the Central African Republic regarding export earnings:
official diamond jewellery production (mostly artisanal) was 500,000
- The industrial base is almost nonexistent and has not been
sufficiently developed in comparison with neighbouring countries (such as Cameroon).h as Cameroon).
The nearest ports:
- Port of Douala (Cameroon)
- Port of Pointe Noire (Congo)
- Lagos-Mombasa Corridor
Trade Agreements and Preferential Access of the Central African Republic:
- Economic Community of Central African States (ECCAS)
- Economic and Monetary Community of Central Africa (CEMAC)
- Community of Sahel-Saharan States (CEN-SAD)
- Generalised System of Preferences (GSP)
- Cotonou Agreement
- African Growth and Opportunity Act (AGOA)
The Central African Republic is a member of:
- International Conference on the Great Lakes Region
- Forum on
- New Partnership for Africa's Development (NEPAD)
- Organisation for the Harmonisation of Business Law in Africa (OHADA)
- Afro-Arab cooperation
- Arab Bank for Economic Development in Africa (BADEA)
- Forum Africa (CAR)-India
- African Development Bank
- Economic Commission for Africa (ECA)
- African Union (AU)
- Africa (CAR)-South America
- Africa (CAR)-BRICS
- International Organisation of Francophonie