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Tycoon Antoine Ndzengue Loses Central African Fuel Monopoly
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Tycoon Antoine Ndzengue loses Central African fuel monopoly
Central African Republic lawmakers have voted to end the fuel import monopoly a Cameroonian company has held since 2023, after auditors commissioned at the International Monetary Fund's request found the country's pricing structure had no justification.The National Assembly adopted the law reorganising the petroleum sector on July 13. The vote was unanimous.The law liberalises the import of petroleum products and derivatives, tightens control ov…
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·Budapest, Hungary
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