BANGUI, Central African Republic — The Central African Republic has commenced a collaborative market monitoring effort, the Joint Market Monitoring Initiative (ICSM), targeting security enhancements and effective market oversight. The initiative is scheduled to commence in February 2026.
The ICSM will involve various government departments and local bodies working in concert to observe market operations, concentrating on curbing illegal trade and maintaining fair pricing. It is designed to bolster consumer safety by tackling problems such as the sale of counterfeit products and ensuring food quality. “The new initiative represents a significant step in our efforts to modernize market regulation, “stated the Minister of Trade and Industry. “.
By fortifying our regulatory structure, we aim to establish a more secure and sustainable market climate.”The Central African Republic’s initiative echoes a wider trend among African countries to improve market governance and consumer safeguards, aligning with the objectives of the African Continental Free Trade Area (AfCFTA). This agreement aims to encourage intra-African trade and economic unity.
Source: Central African Republic Ministry of Trade and Industry
