(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.