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The Cameroonian public treasury earned 51 billion FCFA from taxes during the acquisition of Guinness Cameroon by the French group Castel. This
In a report on Monday, American news platform, Reuters, noted that black market fuel vendors and commercial drivers in Cameroon, Benin and Togo, who heavily relied on smuggled petrol from Nigeria, have witnessed their businesses crumble since the subsidy removal.
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Things have been topsy turvy lately on the roadsides of West African nations where cheap contraband petrol from Nigeria has abruptly doubled in price, upending an informal sector that is central to the region's economic activity.
Businesses of vendors and commercial drivers in Cameroon, Benin and Togo collapse after a subsidy was scrapped
