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BEAC governor urges urgent investment in local fuel refining

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Amindeh Blaise Atabong

Amindeh Blaise Atabong is a financial journalist with a track record of high-impact reporting.
  • 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.

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