logoBC
Yaoundé - 08 May 2021 -
Public management

Port of Kribi seeks a “free zone” status to facilitate investments

Port of Kribi seeks a “free zone” status to facilitate investments
  • Comments   -   Wednesday, 13 January 2021 13:53

(Business in Cameroon) - In his January 7 newsletter, Patrice Melom (photo), Managing director of the Autonomous Port of Kribi (PAK), reveals that the PAK is working (in collaboration with Cameroonian authorities) to obtain the “free zone” status for the port, as well as funding to develop the port’s industrial and logistics zone.  

According to the Managing Director, this project aims to ensure that investors who wish to settle in the port area can find substantial facilities.  "The Cameroonian market is obviously attractive, but there are still facilities to build and tax allowances to introduce to boost development,” he said.

According to the Cameroon Policy Analysis and Research Center (CAMERCAP-PARC), Cameroonian ports (that of Kribi particularly) are competing with ports on the West African coast like Dakar, Lomé, Cotonou, Abidjan, and Lagos (Apapa).  

"The challenge is to know which port will become the major container port, i.e the port in which containers transported by major ships are loaded on collector ships to be dispatched to other ports," the CAMERCAP-PARC explains.  

The same source adds that given the proximity between the different port hubs of the West African coast, the port that will set itself apart by becoming a regional hub will force the remaining ones to become secondary ports making them less competitive (since their costs will rise to sometimes equal the expenses of landlocked countries).  

For CAMERCAP, the port of Kribi stands out because of its quay length. Thanks to its 16.1-meter draft (above the standard 14.5 meters), the port of Kribi offers the possibility for the largest ships to berth easily, unlike several ports in the subregion.

However, the think tank believes, as other factors contribute to the competitiveness of a port, it will be beneficial if Cameroonian ports increase the number of its service areas in Africa.

S.A.

cameroon-banana-exports-dropped-by-22-11-yoy-in-apr-2021-assobacam-s-data
Banana producers operating in Cameroon exported 13,186 tons of the fruit in April 2021, according to the Banana Association of Cameroon (Assobacam)....
tradex-seeks-a-partner-for-the-supply-of-56-000-gas-cylinders
The state-owned oil operator Tradex recently issued an international call for tenders for the supply, within five months, of 56,000 12.5 kg gas...
cameroon-to-install-solar-plants-of-30mw-energy-generation-capacity-in-the-northern-regions-this-year
Cameroon and electric utility ENEO are currently fine-tuning a project to install mobile and modular emergency solar power plants. This was revealed, on...
consumer-price-index-rose-by-0-2-in-douala-in-march-2021-the-ins-reports
In March 2021, in Douala, the consumer price index (CPI) rose by 0.2%, according to the National Institute of Statistics (INS). The figure is slightly...

Mags frontpage


Business in Cameroon n99: April 2021

Outages ENEO’s director-general explains the situation


Cocoa: Time to boost processing


Investir au Cameroun n109: Avril 2021

Délestages Le DG d’Eneo s’explique


Cacao : cap sur la transformation

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev