Central African Republic

Overview

The Central African Republic is a landlocked country in Central Africa. It borders Chad to the north, Sudan to the east, the Republic of the Congo and the Democratic Republic of the Congo to the south, and Cameroon to the west.

Economy

Subsistence agriculture, together with forestry and mining, remains the backbone of the economy of the Central African Republic (CAR), with about 60% of the population living in outlying areas. The agricultural sector generates more than half of GDP. Timber and diamonds account for most export earnings, followed by cotton. Important constraints to economic development include the CAR's landlocked position, a poor transportation system, a largely unskilled work force, and a legacy of misdirected macroeconomic policies. Factional fighting between the government and its opponents remains a drag on economic revitalization. In 2012 the World Bank approved $125 million in funding for transport infrastructure and regional trade, focused on the route between CAR's capital and the port of Douala in Cameroon. After a two year lag in donor support, the IMF's first review of CAR's extended credit facility for 2012-15 praised improvements in revenue collection but warned of weak management of spending.

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20 Matters
OHADA guide on oil & gas activities

OHADA guide on oil & gas activities

Working with a multinational law firm headquartered in London, we prepared a guide containing entry-level information for conducting oil... More

Have a legal problem spanning nine countries? We can help you

Tower-sharing across nine countries

We acted for a Gulf-based telecoms provider in its investment into a tower-sharing business in nine jurisdictions across the OHADA region.... More

Getting mobile telephony going in the Central African Republic

Mobile Licence Acquisition - Central African Republic

We advised a client interested in acquiring a company with a mobile licence. We conducted a thorough due diligence on the target company... More

Mobile license acquisition in CAR

Mobile Licence Acquisition in Central African Republic

We acted for the bidder by conducting due diligence on the target company and at the local registries in Bangui, commented on the... More

Banking regulation across 5 jurisdictions

Banking regulation across 11 jurisdictions

We advised a leading international bank on regulatory aspects of retail banking across the Francophone region, including banking licences,... More

Card rollout in CAR and Madagascar

New credit card issuance

We advised a major card issuer on the rollout of its new card product in the Central African Republic and Madagascar. We reviewed rules and... More

Exercising security in CAR

Banking Opinion - Central African Republic

We advised a major US finance house on taking and exercising security in the Central African Republic (CAR), as well as how to deal with... More

Our regional experience helped French-based multi-national

On the ground multi-jurisdictional due diligence

We advised a French-based multi-national on the African assets of its target company. We reviewed the documentation available in the Data... More