logoBC
Yaoundé - 26 February 2024 -

Bolloré creates a new entity to operate a timber yard and bulk goods in the Port of Kribi

Bolloré creates a new entity to operate a timber yard and bulk goods in the Port of Kribi
  • Comments   -   Friday, 03 March 2023 16:27

(Business in Cameroon) - The Bolloer-owned Société d'exploitation des parcs à bois du Cameroun (SEPBC) validated last March 1 the deal to split into two separate entities. The newborns are the Douala Port Timber Terminal (TBPD) and the Kribi Multipurpose Platform (PPK).

The Douala Port Timber Terminal operates the timber yard installed on the Douala port platform, following a 15-year concession contract signed with the Douala Port Authority (PAD) on December 9. On the other hand, the Kribi Multipurpose Platform (PPK) will operate the timber yard at the deepwater port of Kribi and other non-containerized goods. However, for the moment, Bolloré has only acquired a temporary occupation permit for a site for timber yard exploitation. The permit was issued in exchange for rent payment to the Port Authority of Kribi (PAK). 

"We do not have a timber terminal in Kribi. We only have a timber yard managed by Bolloré since the launch of the port's activities. But with the new plan, which would consist of having a platform in Kribi to manage something other than timber, perhaps it will be necessary to analyze the new legal implications of our collaboration," says a source inside the PAK.  

With the PPK, the Bolloré Group -which will officially change its name in Africa on March 30, 2023, following the purchase of its assets by the Italian-Swiss operator MSC- is strengthening its position within the port platform of Kribi. The new entity is, in addition to the Kribi Containers Terminal (a joint venture between Bolloré, CMA CGM, and CHEC, ed) and Kribi Logistics Hub, an investment of CFA7 billion inaugurated on June 8, 2022, which allowed the Bolloré Group to provide Kribi with its very first logistics platform

BRM 

cameroon-s-minister-of-energy-asks-for-patience-over-power-cuts-until-march-2024
For over two months, households and businesses across seven of Cameroon's ten regions connected to the Southern Interconnected Grid (RIS) have been...
cameroon-waives-import-duty-on-190-000-tons-of-rice-from-india-to-combat-rising-prices
To facilitate the import of 190,000 tons of rice from India in March and April 2024, the Cameroon Government has offered a special incentive to importers...
china-remained-cameroon-s-leading-supplier-in-2022-despite-minor-market-share-dip
The National Institute of Statistics recently issued a statement, providing data on Cameroon’s trade exchanges in 2022. According to the document,...
cameroon-s-lng-earnings-soar-by-148-8-in-2022-ins
Cameroon experienced a "spectacular" surge in revenues from liquefied natural gas (LNG) exports in 2022, data from the national stats agency INS showed....

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 »