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Central Africa Holds Economic Summit

FILE: In this photo taken July 26, 2022 Cameroon's President Paul Biya stands at the Presidential Palace in Yaounde.

YAOUNDE - Heads of state from the Economic and Monetary Community of Central Africa (CEMAC) on Friday held a one-day summit to discuss the region's economy and the impact of the Ukraine war.

Cameroonian President Paul Biya, hosting the meeting, declared the summit open before proceedings went behind closed doors.

The six-nation group gathers the Central African Republic, Chad, Gabon, Equatorial Guinea and the Republic of Congo in addition to Cameroon, in a union around a common currency, the CFA franc.

Several of its members are exporters of oil, whose price has been buffeted by Russia's invasion of Ukraine.

The meeting, which began at ministerial level on Wednesday, will also make appointments to replace the heads of a number of CEMAC institutions, organisers said.