Biya regime takes on CFA145.4bn of Sonara’s debt to rescue refinery
[Cameroon Intelligence Report - Cameroon] - 22/01/2025
During the launch of Cameroon’s 2025 state budget on January 15 in Buea, Finance Minister Louis Paul Motazé outlined new steps to manage the debt crisis at the National Refining Company (Sonara). The state-owned oil refinery has struggled since a fire severely damaged its facilities in May 2019. (…)
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