Over 740 filling stations now
exist in Cameroon, with about 13
others involved in the distribu-
tion of domestic gas. The figures
show a geometric progression
from the year 2000 when Ca-
meroon decided to open up the
petroleum sector to local inves-
tors. Yet, the market is still wide
open with possibilities of even
extending to the Central Africa
sub-region.
Until 2000, Cameroonians only
heard of TOTAL, TEXACO, SHELL
and MOBIL, but with the libera-
lization of the business to local
operators, some 55 investors
have joined the venture by Ja-
nuary 2017 and their presence is
not only creating more jobs, but
equally making the filling stations
and gas distribution available to
many.
Yet, with some statistics indi-
cating that the current suply
of petroleum products in the
country stands at 2000 tons a
month instead of the total mon-
thly requirement on 9000 tons
demonstrates the wide gap that
still has to be covered to meet
local demand. About 80 per cent
of the local market is as such
still dependent on imports to be
satisfied. This means much of the
hard currency that the country
continues to spend abroad could
be diverted to other develop-
ment projects should the sector
get enough attention from more
private investors.
The opportunities are therefore
still in place for interested private
individuals and sheer empirical
observation shows how much
space is still left to spread filling
stations and domestic gas to
the needy segments of society
in Cameroon. The presence of
clandestine filling stations in
some border localities is another
indicato...
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