Central African Republic: Shaping diamond’s future post-embargo [Business Africa] [Video]

In this edition of Business Africa, we explore the lifting of the diamond embargo in the Central African Republic, marking a pivotal moment for the country’s economy and development. We also examine GIMPay, the revolutionary Nigerian solution transforming cross-border payments and promoting economic autonomy within the UEMOA region. Finally, we analyze the rise of the circular economy in Ghana, where the textile industry faces environmental challenges while exploring sustainable solutions to reduce waste and create local economic opportunities.

Central African Republic: Shaping the future of diamonds Post-embargo

The Central African Republic is finally able to export its diamonds after 11 years of embargo, a major decision that could revive its economy. This reopening comes after a dramatic drop in diamond export revenues, which have fallen by more than 80% since the embargo. However, despite this potential for recovery, significant challenges remain, such as fraud, smuggling, and insecurity in mining areas.

In an interview with us, Dr. Jean Marie Biada, an expert economist in public …