The Central African government aims to accelerate economic reforms and transform the private sector. The Private Sector Conference on Structural Reforms opened on Thursday in Bangui in the presence of Prime Minister Félix Moloua. At the centre of discussions was the official launch of the I-COMPETE platform, a project supported by the World Bank and designed to strengthen the competitiveness of companies in the Central African Republic.
Bringing together public and private stakeholders to address the country’s economic challenges is the goal of the National Conference on the Private Sector and Structural Reforms held in Bangui by the Interprofessional Group of Central Africa (GICA), with support from the I-COMPETE project and the World Bank.
“The country’s economic future depends on our ability to act together, to undertake, to innovate, to invest and to create jobs. Together, we must build a stable, prosperous Central African Republic that is firmly focused on its emergence. It is on these words that I declare open the proceedings of the National Conference on the Private Sector and Structural Reforms in the Central African Republic.”
Félix Moloua, Prime Minister, Head of Government – Central African Republic
Over two days, experts, entrepreneurs, and representatives of national and international institutions are discussing issues related to the business climate, investment, and the development of the Central African private sector. Panel discussions and technical presentations are expected to generate proposals and solutions to address the challenges faced by Central African businesses.
“I believe that time has allowed ideas and reflections to mature, leading to today’s conference. The GICA engaged a consultant who met with its members as well as several Central African private sector stakeholders in order to identify the main difficulties they face. These are the themes that have been selected and will be discussed over these two days of work.”
Christian Zouna, Representative of the I-COMPETE Project Coordinator – Central African Republic
Through this conference, the Central African authorities aim to establish a permanent dialogue between the State and the private sector in order to accelerate economic reforms, boost competitiveness, and drive economic growth, which is expected to reach 3.6% in 2026.
