- Stricter controls on international transfers delay crucial imports for the oil and gas sector
- Businesses in the region face lengthy approval processes and capital repatriation challenges
Foreign exchange regulations enforced by the Bank of Central African States (BEAC) are slowing down the flow of funds to energy projects across the six-member Central African Economic Community, according to oil industry officials. These regulations, intended to control capital outflows and safeguard foreign reserves, have created significant delays for businesses operating in Cameroon, Gabon, Central African Republic, Congo, Chad, and Equatorial Guinea.
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