African presidents create $87m emergency fund to fight Boko Haram

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Presidents from the 10-nation Economic Community of Central African States (CEEAC) pledged in an extraordinary meeting on Monday to create an $87 million emergency fund to fight the Islamist militant group Boko Haram.

“My counterparts from the CEEAC and I decided to create an emergency fund of 50 billion CFA francs ($86.72 million) to fight Boko Haram,” Gabon’s President Ali Bongo, who attended the one-day summit in Cameroon, said on his personal Twitter account.

The insurgents have killed thousands and kidnapped hundreds in a five-year insurgency in northern Nigeria, and have recently intensified cross-border raids on neighbouring countries in the Lake Chad area.

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