Search

BEAC governor urges urgent investment in local fuel refining

Allen dreyfus Logo
© Allen Dreyfus
  • Over 2 trillion CFA lost annually to fuel imports across CEMAC bloc
  • Domestic production of bitumen, lubricants and fertilisers seen as key to resilience

Yaoundé, Cameroon – The governor of the Bank of Central African States has called for immediate investment in local fuel refining, warning that CEMAC countries are haemorrhaging more than 2 trillion francs CFA ($3.3 billion) annually due to reliance on imported fuel.

Recent Business

Dr Cassiel Ato Forson, Ghana's Minister of Finance. Photo @ Ghana Parliament/Facebook
Ghana pays $910mn interest in domestic debt restructuring deal
Read More »
Import and export trade common in Africa. Photo by Kurt Cotoaga @ Unsplash
Ethiopia, Uganda, South Sudan sign historic Red Sea trade corridor deal
Read More »
Lagos, Nigeria. © Unsplash
Nigeria capital inflows jump to $6.01bn as portfolio money dominates
Read More »

Recent Politics

Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Kenya’s ODM in turmoil: Sifuna ouster exposes rift over Ruto alliance
Read More »
Burundi’s President Évariste Ndayishimiye. Photo: Présidence - République du Burundi/Facebook
African Union elects Burundi’s Ndayishimiye as 2026 chair
Read More »
Herdsmen in Ethiopia. Photo by Hanna Grace @ Unsplash
Ethiopia accuses Eritrea of territorial occupation, demands troop withdrawal
Read More »

Latest Posts

Latest news insights