logoBC
Yaoundé - 16 November 2019 -
Economy

Cameroon: A XAF35 bln cement plant to be built in Kribi port

Cameroon: A XAF35 bln cement plant to be built in Kribi port
  • Comments   -   Wednesday, 30 October 2019 13:50

(Business in Cameroon) - Last October 17, Oscar Minko, managing director of Cimenterie industrielle de Kribi (Cmikri) Sarl, and the Chinese consortium China National Building Material Co. LTD Sinoma/Afcham signed a memorandum of understanding in Yaoundé, for the construction of a cement plant in the Kribi industrial port complex.

According to the Cameroonian promoter, once completed, the average yearly distribution capacity of this plant will be 500,000 tons, extensible to 1.5 million tons. The project requires the installation of an 18,000 tons silo for clinker and another of 4,000 tons for cement as well as sanitary and electrical installations. The overall cost of this investment is $60 million (close to XAF35.5 billion).

 The maturation phase of the project runs from October 2019 to April 2020 while the construction and production phases are respectively scheduled to start in August 2020 and February 2022.

This project, thanks to which 300 permanent and temporary jobs are expected to be created, is supported by the Investment Promotion Agency, the Port of Kribi and the Ministry of Mines. Patrice Melom, managing director of the autonomous port of Kribi, has already approved the allocation of a plot, inside the 30 ha Kribi port, for the said construction.  

Let’s note that another Cameroonian company, the Engineering construction manufacturing and trading SARL, also intends to build a 500,000 tons cement plant in Kribi.  

Sylvain Andzongo

cameroon-state-owned-postal-firm-campost-happy-about-initial-impacts-of-the-government-backed-restructuration-plan
The 2019-2021 contract plan, between Cameroon Postal Services (CAMPOST) and the government, for the restructuration of this state-owned firm, is being...
cameroon-glass-factory-socaver-boosts-production-capacity-with-xaf5-3-bln-investment
Today, November 15, 2019, Cameroonian minister of industry Dodo Ndocké is inaugurating the new facilities of local glass-making company SOCAVER in Douala,...
cameroonian-footballer-jean-ii-makoun-partners-with-upowa-to-promote-solar-energies
On 13 November 2019, Cameroonian footballer Jean II Makoun signed a partnership agreement with the Franco-Cameroonian company Upowa to promote renewable...
cameroon-a-100-kg-bag-of-onion-now-sold-at-xaf120-000-in-yaounde-more-than-six-times-its-former-price
In Yaoundé, onions have become luxury products. Indeed, recently, the price of this product has doubled and nearly reached triple of its former price....

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