logoBC
Yaoundé - 08 December 2019 -
Construction

Construction of Bakassi deep seaport at Cameroon’s border approved

Construction of Bakassi deep seaport at Cameroon’s border approved
  • Comments   -   Monday, 07 October 2019 17:31

(Business in Cameroon) - Bakassi deep seaport, at the Cameroon-Nigeria border, will soon be built. According to Ben Ayade, governor of Cross River state, in Nigeria, the federal executive council of Nigeria officially approved the project’s business case.

It will be the second cargo port in Nigeria (after the one in Apapa, Lagos) since most of the remaining ones are oil terminals.

It is expected to be Nigeria’s main sea gateway, in the eastern region, that will boost the diversification of the national and regional economy.  

The project will be implemented in the framework of a public-private partnership estimated at $800 million.  

Once completed, Bakassi deepwater port will help reduce congestion at Apapa and Onne ports. It will also facilitate the transport of agricultural products in the country. With its about 21meters draft, the port will be the deepest port in Africa, the governor indicated.

Romuald Ngueyap

cameroon-new-issuance-of-fungible-treasury-bills-on-beac-market
On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
cameroon-35-of-gas-stations-are-located-in-rural-areas-ministry-of-energy
In Cameroon, 35% of the 835 gas stations in operation as of October 28, 2019 (for the 54 state-approved companies), are located in rural areas. This was...
cameroon-increased-daily-drinking-water-production-by-96-376-m3-between-2018-and-2019
In Cameroon, the national drinking water production increased from 731,080 m3/day to 824,456 m3/day between 2018 and 2019, according to recent data from...
cameroon-safacam-plans-to-invest-xaf3-5-bln-to-extend-its-oil-palm-and-hevea-plantations-in-dizangue
In Cameroon, the Ministry of State’s Property and Land Tenure recently granted an additional 2,000 hectares of land to Société Africaine forestière et...

Mags frontpage


Business in Cameroon n81: November 2019

The growing weight of Moroccan banks in Cameroon


Made in Cameroon products gradually take over supermarkets


Investir au Cameroun n91: Novembre 2019

Le poids croissant des banques marocaines au Cameroun


Le Made in Cameroon progresse dans les supermarchés