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Cameroon loses FCFA 1.5 billion in four hours

A Saturday September 8 breaking Sunday September 9 gun attack on the Bamenda-Akum Road in the North West Region of Cameroon resulted in losses, estimated at FCFA 1.5 billion within four hours.

The attack that left at least 600 passengers stranded in darkness, rain and mud resulted in the destruction of property.

Among the destruction recorded was the damage of buses belonging to the Amour Mezam Travel agency evaluated at FCFA 800 million. Besides this, a caterpillar belonging to the Buns Company working on a road within the North West Region was equally destroyed.

Caterpillar set ablaze

Young Kom, an official of the Buns Company told the State media that the caterpillar which gunmen set ablaze after using it to dig a trench on the road cost FCFA 350 million.

Besides these, the gun attack also resulted in the destruction of the optic fibre cable into Bamenda. A senior official of Cameroon Telecommunication (CAMTEL), Emmanuel Aleh, confirmed the attack on the optic fibre.

Aleh said the optic fibre which enable mobile telephone companies viz; MTN, Orange  and Nexttel were affected. Though technicians stormed the scene in the early hours of Sunday September 9 effecting repair works, business suffered losses worth millions.

Added to the above was the destruction of the belongings of travellers. Foodstuffs deteriorated following the attack.

Sunday’s attack came weeks after gunmen men stormed a park of the road construction company Satom and set ablaze trucks worth over FCFA 500 million. The company is charged with construction of the Bamenda-Bababajou Road. It is a World Bank sponsored project.

On June 15 this year, a four day blockade on the Kumba-Buea Road lasting four days resulted in losses evaluated in billions. Major stakeholders in the business chain counted their loses to the Meme administration following a security meeting after the attack.

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