The six-member Central African Economic and Monetary Community (CEMAC) has postponed its summit set for this month in Bangui, the capital of Central African Republic.
The 10th summit of CEMAC was put off to "later date," the government of Central African Republic announced in a press release on Wednesday, without giving reason or a new date.
On Oct. 29, Chadian President Idriss Deby Itno, the incoming CEMAC president, announced an extraordinary summit in Bangui at the end of
November to bring together the heads of state of Cameroon, the Republic of Congo, Gabon, Equatorial Guinea, Central African Republic and Chad.
The holder of the rotating presidency of CEMAC since June 2008 has been Central African Republic's President Francois Bozize.
Earlier reports said CEMAC leaders are expected to decide on the merge of the stock exchanges in Douala and Libreville at the Bangui summit.
Created in December 2001 following a decision by Cameroon's President Paul Biya, Douala Stock Echange was inaugurated on April 23, 2005.
With stocks valued at 1.2 billion FCFA (about 2.1 million U. S. dollars), Douala Stock Echange recorded its first listing in May 2006.
On its part, the Libreville stock exchange in Gabon, known as the Central Africa Stock Exchange, began activities in February 2006 after created on June 27, 2003.
It is currently operating under public money from the government, with a value of 100 billion FCFA (about 200 million U. S. dollars).
The creation of the two bodies was attributed to disagreements between President Biya and his late Gabonese counterpart Omar Bongo Ondimba, who died in June after being in power for 42 years.