logoBC
Yaoundé - 29 March 2024 -
Public management

Cameroon: French company Boluda has two competitors for towing at the ports

Cameroon: French company Boluda has two competitors for towing at the ports
  • Comments   -   Sunday, 12 October 2014 03:12

(Business in Cameroon) - The Cameroonian Minister of Transportation, Robert Nkili (photo), has announced that it has received approval from the Cameroonian registered companies, Fako Transport and Shipping Company Ltd (Fakoship) and Gulf of Guinea Investment Shipping and Trading Corporation (Gulfin), “for towing and mooring services (assisting with the berthing of ships at the docks) in all maritime, river and landing ports at Cameroon.”

Minister Nkili is reminding the heads of both companies to work more closely “with autonomous port organisations for the rest of the concession and transfer procedure,” as “the activities and the application of these approvals must be carried out after receiving authorisation from the competent autonomous port authority.”

These two new approvals have officially created competition in towing and mooring in Cameroonian ports as, before Fakoship and Gulfin, which was already hardly visible in the oil distribution sector as `the only authorised entity was the French company Boluda.

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »