Latest news with #Touadéra
Zawya
20-03-2025
- Business
- Zawya
Philippine Ambassador Presents Credentials to Central African Republic President
Philippine Ambassador to Nigeria Mersole J. Mellejor presented his credentials to President Faustin-Archange Touadéra of the Central African Republic (CAR) at the Renaissance Palace in the country's capital Bangui on Tuesday, 18 March 2025. Ambassador Mellejor told President Touadéra of his intention, as the top representative of the Philippines in the CAR, to work with CAR officials in strengthening relations between the two countries. President Touadéra said he is thankful to the Philippine President for appointing an ambassador to the CAR and that he welcomes the interest of the Philippines in expanding its engagements with his country. The CAR president conveyed his appreciation to Filipinos for the good work that they have done to help his country while serving in the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA). President Touadéra expressed hope that the Philippine private sector will look at the huge potential of the CAR and consider investing in the country to support its economic development. Distributed by APO Group on behalf of Department of Foreign Affairs, Republic of the Philippines.
Al Etihad
10-03-2025
- Business
- Al Etihad
UAE, Central African Republic Presidents discuss bilateral cooperation
6 Mar 2025 19:44 ABU DHABI (WAM)President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Faustin-Archange Touadéra, President of the Central African Republic, discussed ways to strengthen bilateral relations and expand cooperation, particularly in economic, trade, and investment sectors, as well as renewable energy, infrastructure, and other key development areas that serve the shared interests of both their meeting at Qasr Al Shati in Abu Dhabi, His Highness welcomed President Touadéra, who is on a working visit to the UAE. President Touadéra congratulated His Highness on the occasion of Ramadan and wished the UAE and its people continued progress and Highness reaffirmed the UAE's commitment to fostering development partnerships with African nations to promote a more prosperous and sustainable sides expressed their shared commitment to advancing cooperation between the UAE and the Central African Republic in a way that benefits both countries, drives sustainable economic growth, and fulfils their aspirations for the future. The meeting was attended by His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Ali Mohammed Hammad Al Shamsi, Secretary-General of the Supreme Council for National Security; Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology; Sarah bint Yousef Al Amiri, Minister of Education; Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Rashid Saeed Al Shamsi, UAE's Non-Resident Ambassador to the Central African Republic.
Yahoo
11-02-2025
- Business
- Yahoo
CAR leader launches meme-coin 'experiment'
Central African Republic President Faustin-Archange Touadéra has launched a meme-coin in a bid to raise the profile of the country, which is one of the world's poorest. Meme-coins are used to build popularity for a viral internet trend or movement and fans are inspired to collect and give them value, but they are extremely volatile investments. Touadéra announced the launch, known as $CAR, on his X account over the weekend and on Monday said it had been a "success". But the value of the coin had a significant price drop of up to 90%, according to specialist websites. In 2022, CAR became the world's second country after El Salvador to adopt the cryptocurrency Bitcoin as legal tender. Why the Central African Republic adopted Bitcoin That initiative - launched under the name Sango - does not appear to have been as successful as planned, and its website no longer works. It was seen as an easier way to attract investors to the country's mining and other industries using Bitcoin. The country has rich mineral deposits, including gold and diamonds. Foreign investors could also obtain citizenship for $60,000 worth of crypto, although the plan was later ruled unconstitutional by the country's top court. Touadéra described this week's launch of the meme-coin as an "experiment" of something that "can unite people, support national development, and put the [country] on the world stage in a unique way". But some expressed fears that it could have been a scam. On Monday, Touadéra thanked those who believed in his vision. He shared a video of a high school which he said had been deteriorating rapidly, saying the meme-coin would help support its "rebuilding and furnishing" and give "students a chance for a better future". Despite its potential, CAR remains one of the poorest countries - a situation complicated by a civil war which has devastated much of the country. Meme-coins have often been criticised for their speculative nature, where users create or buy them in the hope that their value will rise and make money quickly - but many end up losing money on them. Just before his inauguration last month, US President Donald Trump launched his own meme-coin whose value quickly soared, and which reportedly raised billions of dollars for him. The New York Times has reported that it is now worth a quarter of its highest value. 'A mockery': Trump's new meme-coin sparks anger in crypto world Watch: Russia and Wagner's growing influence in the Central African Republic El Savador accepts Bitcoin as legal tender What is Bitcoin? Go to for more news from the African continent. Follow us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica Africa Daily Focus on Africa
BBC News
11-02-2025
- Business
- BBC News
Cryptocurrency: Central African Republic leader launches meme-coin 'experiment'
Central African Republic President Faustin-Archange Touadéra has launched a meme-coin in a bid to raise the profile of the country, which is one of the world's are used to build popularity for a viral internet trend or movement and fans are inspired to collect and give them value, but they are extremely volatile announced the launch, known as $CAR, on his X account over the weekend and on Monday said it had been a "success". But the value of the coin had a significant price drop of up to 90%, according to specialist websites. In 2022, CAR became the world's second country after El Salvador to adopt the cryptocurrency Bitcoin as legal tender. Why the Central African Republic adopted BitcoinThat initiative - launched under the name Sango - does not appear to have been as successful as planned, and its website no longer was seen as an easier way to attract investors to the country's mining and other industries using Bitcoin. The country has rich mineral deposits, including gold and investors could also obtain citizenship for $60,000 worth of crypto, although the plan was later ruled unconstitutional by the country's top described this week's launch of the meme-coin as an "experiment" of something that "can unite people, support national development, and put the [country] on the world stage in a unique way".But some expressed fears that it could have been a Monday, Touadéra thanked those who believed in his shared a video of a high school which he said had been deteriorating rapidly, saying the meme-coin would help support its "rebuilding and furnishing" and give "students a chance for a better future".Despite its potential, CAR remains one of the poorest countries - a situation complicated by a civil war which has devastated much of the have often been criticised for their speculative nature, where users create or buy them in the hope that their value will rise and make money quickly - but many end up losing money on before his inauguration last month, US President Donald Trump launched his own meme-coin whose value quickly soared, and which reportedly raised billions of dollars for him. The New York Times has reported that it is now worth a quarter of its highest value. You may also be interested in: 'A mockery': Trump's new meme-coin sparks anger in crypto worldWatch: Russia and Wagner's growing influence in the Central African RepublicEl Savador accepts Bitcoin as legal tenderWhat is Bitcoin? Go to for more news from the African us on Twitter @BBCAfrica, on Facebook at BBC Africa or on Instagram at bbcafrica
