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

YAOUNDE (Reuters) - 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 neighboring countries in the Lake Chad area. (Writing by Emma Farge; Editing by Matthew Mpoke Bigg Kevin Liffey)

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