logoBC
Yaoundé - 28 June 2022 -
Companies

Cameroon: After the Kribi port, is CHEC eyeing the Edea-Kribi-Lolabe railway?

Cameroon: After the Kribi port, is CHEC eyeing the Edea-Kribi-Lolabe railway?
  • Comments   -   Friday, 15 May 2015 03:01

(Business in Cameroon) - On May 6, 2015 in Yaounde, the Cameroonian government signed an MOU with CHECH out of China to conduct a feasibility study on the Edea-Kribi-Lolabe railway project which will service the Kribi deep water port which was built by CHEC in South Cameroon.

After building the first (container and multipurpose) terminals and other port-related infrastructure already presented as being the largest on the West African coast, CHEC is now not only poised to land the container terminal contract but also participated, alongside the Cameroonian government, in negotiating necessary financing (750 million dollars or around 375 billion FCFA) with Eximbank of China to build the second container terminal at the port of Kribi which is twice the size of the first port.

In the past, CHECH had applied for and landed the contract to dredge the Douala port’s channel for a total of 18.7 billion FCFA.

cameroon-to-promote-14-local-dishes-through-labeling
The Cameroonian government is mulling over labeling 14 local dishes to promote them internationally. As part of this initiative, the Minister of Tourism,...
mekin-dam-resumes-operations-after-a-2-year-shutdown
The Mekin hydropower dam (15 MW), located in the southern region, has resumed operations this month after a 2-year shutdown period. The Ministry of Water...
the-cocoa-price-cap-rises-again-after-6-weeks-of-stagnation
The cocoa price cap in Cameroon rose to CFA1,200 per kg (+CFA25) on May 24, 2022, after staying at CFA1,175 over the previous six weeks. The data was...
afriland-first-bank-cd-shaken-by-internal-conflicts-fueled-by-malpractice-accusations
For about a year now, Afriland First Bank CD - 95.6% owned by Afriland First Group- is ripped apart by internal conflicts. The bank’s majority shareholder...

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 »