Dangote steps in to boost Cameroon’s oil supply
Originally published by Kahawatungu — Read the original article →
Africa’s richest man, Nigerian tycoon Aliko Dangote, has agreed to step in and bolster Cameroon’s supply of refined petroleum products, the West African nation’s refinery company Sonara has announced.
Sonara, whose local plant was wrecked in a 2019 fire that forced Cameroon to become a net importer, said the deal would help the country keep prices down and avoid the risk of fuel shortages caused by geopolitical instability.
“This agreement is of fundamental importance in the current context of tensions in the Middle East,” Sonara Director General Harouna Bako said in a statement dated October 29.
