Business in the Central African Republic

The aims of the subject “Foreign Trade and Business in the Central African Republic” are the following:

1. To analyze the Central African Economy and Global Trade
2. To know the business opportunities in the Central African Republic
3. To explore the Central African trade relations with the country of the student
4. To know the Central African Trade Agreements
5. To examine the profile of Central African Companies
6. To develop a business plan for the Central African Market

The Subject “Foreign Trade and Business in the Central African Republic” belongs to the following Online Programs taught by EENI Global Business School:

Masters: Business in Africa, Transport in Africa, International Business, International Transport.

Doctorate: African Business, World Trade.

Business in Central Africa.

Languages: ( République centrafricaine Centroafricana Centro-africana).

1. Credits of the subject “Doing Business in the Central African Republic”: 1
2. Duration: one week

Transport and Logistics in the Central African Republic

1. Nearest Ports:
   1. Port of Douala (Cameroon)
   2. Port of Pointe Noire (Congo)
2. Trans-African corridors;
   1. Lagos-Mombasa Corridor
   2. Tripoli-Windhoek

Trade Agreements and Preferential Access of the Central African Republic:

1. The Central African Republic and the Central African Economic Area
2. Economic Community of Central African States (ECCAS)
3. Central African Economic and Monetary Community (CEMAC)
4. Community of Sahel-Saharan States (CEN-SAD)
5. African Continental Free-Trade Area
6. EU-Central African Republic
   1. GSP
   2. Africa-EU Partnership
7. The U.S.-Central African Republic
   1. AGOA
8. Conference on the Great Lakes Region
9. OHADA

1. WTO
   1. GATS
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention

African Trade and Economic Organizations. The Central African Republic is a member of:

1. Economic Commission for Africa
2. African Union 
   1. AU Convention on Preventing and Combating Corruption (not signed)
   2. AUDA-NEPAD
3. African Development Bank
4. China-Africa Cooperation
5. Africa-India Cooperation
6. Africa-BRICS
7. Africa-South America Summit
8. Afro-Arab Cooperation
9. BADEA

1. OIC - Observer State
2. International Organization of Francophonie
3. UN
4. WB
5. WTO
6. IMF

1. The Central African Republic (Africa) reached the limit of the Heavily Indebted Poor Countries Initiative
2. Poverty is a real phenomenon in the Central African Republic: 67% of the population (2,618,000 people) lives below the poverty line
3. Main cities in the Central African Republic: Bangui (capital), Bimbo, Mbaiki, Berbérati, Carnot, and Bambari Bouar
4. Official languages of the Central African Republic: French and Sango
5. Central African Population: 5.1 million people
   1. Bantu
6. Area of the Central African Republic: 623,000 km²
7. Independence of the Central African Republic: 1960 (France)
8. Neighboring countries: Sudan, South Sudan, Chad, Cameroon, the Republic of the Congo, and the DR Congo

More information: The Central African Republic (EENI African Business Portal).

religion in the Central African Republic.

1. African Traditional Religions
2. Christianity:
   1. Catholicism (0.9 million)
   2. Protestants (0.9 million)
3. Islam

The Central African Republic belongs to the Central African Economic Area.

Economy of the Central African Republic.

1. Serious political crisis in the Central African Republic: Transition Framework (self-proclaimed President)
2. Inflation in the Central African Republic: 6.5%
3. Central African Currency: CFA
4. Most dynamic sector in the Central African Republic: new technologies
5. Mining potential: diamonds, gold, uranium, iron, and petrol
6. Agriculture accounts for 55% of the GDP in the Central African Republic
7. Main crops in the Central African Republic: cassava, plantain, maize (corn), coffee, cotton, and snuff
8. The Northwest and Centre of the Central African Republic represents a significant agricultural region for the cotton crops and sugar-cane
9. Forestry in the Central African Republic contributes significantly to the Central African GDP, with extensive tropical timber resources
10. Mining (gold) represents another important resource for the Central African Republic regarding the export earnings: official diamond jewellery production (mostly artisanal) was 500,000 carats annually
11. The Industrial base is almost non-existent and has not been sufficiently developed in comparison with the neighboring countries (such as Cameroon)

(c) EENI Global Business School (1995-2023)
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