Cameroon pipeline revenues up 26.5% YoY in October 2022

The exploitation of the Chad-Cameroon pipeline generated a total of CFA34.04 billion for the Cameroonian Treasury at the end of October 2022. According to data reported by the Pipeline Steering and Monitoring Committee (CPSP), this revenue is up 26.5% compared to the CFA26.9 billion generated over the same period last year. The main growth factor, CPSP says, is the surge in the value of the US dollar, which went from CFA588.5 for a dollar to CFA640 currently (up about 11% since January 2022). The US currency thus reached parity with the Euro, for the first time in 20 years. As…