The UN Economic Commission for Africa (UNECA) presented on 27 March in Senegal what it calls developmental “country profiles” 2016. That is, the economic orientations of African states in the future.
These reports show that the Central African Republic (CAR), Chad, Equatorial Guinea and Gabon are aware about the pessimistic outlook for world commodity prices on which their tax revenues and export and justify the need to accelerate structural transformation.
According to the country profile of Gabon, local authorities realized the need to develop the potential of the wood industry on a sustainable basis, to create alternative sources of income and to be less dependent on the extractive industry.
In Equatorial Guinea, strengthening agriculture is one of the key pillars of the government’s economic diversification strategy. The authorities plan to rely on agriculture to free the country from its dependence on oil and turn it into an emerging economy by 2020. In Chad, the authorities have identified the livestock sector as a vector of transformation given its potential in terms of meat, milk and leather.
According to the ECA, the new government elected in the CAR highlights the need for the country to make reconstruction the foundation of its transformation efforts.
Despite its post-conflict situation, the CAR government views infrastructure development as the basis for its transformation.
Deciding to take advantage of the insufficient interconnectivity in the subregion, which has a negative impact on the movement of products between countries – particularly for landlocked countries such as the CAR and Chad – the country wants to develop Transport corridors as an entry point linking reconstruction to structural transformation.