Cameroon Workers to Strike over Fuel Hikes

Posted by Eric Haun
Wednesday, July 02, 2014

Transport workers in Cameroon threatened on Wednesday to strike next week over a government decision to cut some fuel subsidies, raising the specter of unrest as the country tries to please international donors.

The government announced on Monday that it was cancelling petrol, diesel and cooking gas subsidies, which would make the price of petrol rise by 14 percent and diesel by 15 percent.

But transport fares remain unchanged, leading unions representing drivers of buses, taxis and trucks to complain the higher operating costs would cut into their earnings.

"It is not normal that they should raise the price of petrol and not also the transport fares," said Pierre Nyemeck, head of the CGSTC, one of Cameroon's main transportation unions.

"If the government wants to prevent the strike, it should also increase transport fares," he said.

Cameroon has long produced both oil and cocoa, but analysts say a lack of reform and political stagnation under President Paul Biya, who has been in power since 1982, have stymied economic growth and development.

The International Monetary Fund has for years called for subsidies, which cost around $600 million a year, to be cut.

But Cameroon has repeatedly delayed the move following a violent 2008 taxi strike over fuel prices that left over 100 dead and a failed bid to cut similar subsidies in neighboring Nigeria in 2012.

Speaking to reporters late on Tuesday, government spokesman Issa Tchiroma Bakary said the measures would benefit Cameroon's economy in the long-run.

"I call upon our people to accept these adjustments with responsibility, understanding and civic-mindedness and not to fall victim to instrumentalization ... aiming to undermine the stability of our country," he said.

The government says fuel subsidies cost Cameroon 157 billion CFA francs ($326.78 million) in the first six months of this budget year alone.

The IMF said in May that Cameroon's overall fiscal deficit for 2014 was forecast at 5.5 percent of GDP, mainly due to fuel subsidies and the expansion of a public investment program.

($1 = 480.4500 Central African Cfa francs)

(Reporting by Tansa Musa; Writing by Joe Bavier; Editing by Tom Heneghan)

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Fuels & Lubes

WSS: Post-combustion Fuel Treatment Cuts Vessel Costs, Risk

Wilhelmsen Ships Service, a provider of products and services to the shipping industry, is advising vessel operators to wage war on soot. According to WSS, soot

EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday.

ABB Saves 700,000 tons Fuel for Marine Vessels

ABB’s environmental friendly Azipod propulsion system brings greater fuel efficiency to diverse shipping segments ABB today announced the total fuel savings

News

Deployment: The Transpacific Trade Steps Up To The Plate

In 2015, it was the Asia-Europe route which was the focus of changing deployment trends, says Clarksons Research.   This year, it is the Transpacific trade which

US Navy Updated Zika Virus Infection Guidance

Navy Medicine released updated Zika Virus Infection guidance in NAVADMIN 121/16, May 26, communicating current information, travel precautions, and risk reduction

CBP, AMO Unveils New Interceptor Vessel

U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO) and SAFE Boat International celebrated the unveiling of AMO’s newest coastal interceptor vessel (CIV) Thursday.

Government Update

1,076 Graduate from U.S. Naval Academy

The U.S. Naval Academy graduated 1,076 men and women at the annual graduation and commissioning ceremony May 27 at Navy-Marine Corps Memorial Stadium. U.S. Naval Academy Superintendent Vice Adm.

Details El Faro's Sinking Emerge from US Probe

U.S. investigators on Friday concluded two weeks of hearings into the sinking of cargo ship El Faro in a hurricane last fall that included reports the vessel had

Defense Appropriations Bill Includes $1 Bln for US Icebreaker

The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Port Authority Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1232 sec (8 req/sec)