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Nice for cameroon but its not going to be the first cable connecting africa to south america as that video claim, that will be SACS (Angola - Brasil) its already in Angolan shores coming from brasil and its gonna be fully operational sometime this year
 

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Photographer: Getty Images
Cameroon Emerges as Africa Battlefield for Big Cement Makers

by Divine Ntaryike Jr
May 10, 2017, 4:00 PM MDT May 11, 2017, 6:57 AM MDT

Cameroon is fast becoming a battleground for international cement makers drawn by an abundance of major infrastructure projects and the end of a monopoly long held by LafargeHolcim Ltd.

Dangote Cement Plc, Africa’s largest producer of the building material, and Morocco’s Douja Promotion Groupe Addoha SA have both announced an expansion of production capacity in the central African country this year, challenging Cimenteries du Cameroun, a unit of the world’s biggest cement maker, LafargeHolcim. Demand for cement is estimated to grow 8 percent a year by 2020 from 3 percent now, according to Trade Minister Luc-Magloire Mbarga Atangana.

“Not only is the essential building material now sufficiently available even in the remotest hinterlands, production trends are steadily sloping uphill,” Mbarga Atangana said in a May 5 interview in Yaounde, the capital. “Our country is currently under construction with major infrastructure projects including ports, dams, bridges, roads, stadiums and housing.”

The arrival in Cameroon of three foreign cement makers -- the other is Medcem, a unit of Turkey’s Eren Holding -- since the end of Cimenteries du Cameroun’s monopoly in 2012 has come alongside economic growth of 4.4 percent last year, compared with a sub-Saharan African average of 1.4 percent, according to the International Monetary Fund. Projects include the more than 300-kilometer (186 mile) dual-lane highway between Yaounde and Douala, the commercial capital, and a deep-water port in Kribi, a southern coastal town.

As the 2019 host of the Africa Cup of Nations soccer tournament, Cameroon’s government is also spending heavily on stadiums. There’s also a shortage of housing, with the urbanization rate in the country at about 3.5 percent.


Annual cement production stands at 4.2 million metric tons, according to the Ministry of Trade, compared with 1.6 million tons three years ago. That’s before including planned expansion projects, the latest of which was announced by Addoha unit Ciment de l’Afrique last week.

Cimaf, as the company is known, said May 4 it plans to triple the production capacity of its factory in Douala to 1.5 million tons by 2018 to become “a key player” in Cameroon and an exporter to neighboring countries including Gabon, the Central African Republic and Chad. For its part, Cimenteries du Cameroun last year started building a third plant in the country, at Nomayos, near the capital.

Meanwhile, Lagos-based Dangote Cement has this year started construction of a $150 million plant with annual capacity of 1.5-million tons in Yaounde, part of the company’s strategy of expanding outside its home market of Nigeria.

Dangote has been growing market share in Cameroon over the past two years, Paavo Wiro, the company’s country manager, said in an interview. The producer was forced to buy 200 trucks because local truckers initially didn’t want to work with the Nigerian cement maker, he said.

“At the start of 2016, the interest from the local truckers grew again and they came to us,” Wiro said.
https://www.bloomberg.com/news/arti...as-african-battleground-for-big-cement-makers
 

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Discussion Starter · #644 ·
Chinese CHEC will deliver Kribi-Lolable motorway, under construction in Southern Cameroon, in 2018


(Business in Cameroon) - In addition to the ordinary 32-km long road which is currently servicing the deep-water port of Kribi, the largest port structure in Cameroon will be served by a motorway from 2018. The completion rate of this 38.5-km long motorway built by the Chinese company CHEC is over 66%, indicate the management of the operational unit in the project for the construction of the industrial and port complex of Kribi.

With the delays currently observed in the construction works for the Yaoundé-Douala (first stretch of 80 km) and Yaoundé-Nsimalen (20 km to service the capital’s airport) motorways, the Kribi-Lolablé highway could, from 2018, become the first structure of this type in Cameroon.

As a reminder, the global cost of this highway project is officially estimated at FCfa 250 billion, with 86% of the funding provided by Exim Bank of China, and 15% from the State of Cameroon. Based on projections made by the government, the Kribi-Lolablé motorway will later join the Edéa-Kribi motorway, thus enabling vehicles to easily reach the deep-water port of Kribi from Douala, the economic capital of the country.

BRM

http://www.businessincameroon.com/c...der-construction-in-southern-cameroon-in-2018
 

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Discussion Starter · #645 ·
AfDB praises Cameroon’s “significant progress” in terms of social services and infrastructure



(Business in Cameroon) - In its 2017 Country results brief, released on Nov. 2, the African Development Bank (AfDB) has lauded the efforts made by Cameroon, CEMAC’s powerhouse, to improve social services and boost investment in infrastructures.

“As the most robust economy in Central Africa, Cameroon, has in the past decade taken steps to further boost growth, making major advances in providing health, education, and clean water, and launching an ambitious infrastructure investment programme”, AfDB explained.

The financial institution pointed out that the actions initiated by Cameroon are in line with its own strategic pillars. “Progress has been impressive, but a big leap in business competitiveness is required, to create a more diverse, inclusive, regional economy”, Simon Mizrahi from ADB said.

In the power sector, the Country Brief indicated that 2.7 million Cameroonians will have access to improved electricity services starting next year, thanks to the increase of the country’s power generation capacity following the construction of many hydropower dams, with the support of AfDB.

At the same time, “To fulfill its potential in agriculture, which accounts for 40% of GDP, the AfDB has helped Cameroon double agriculture output, which has lifted the livelihoods of 4.6 million farmers by 15%, including promoting smallholders agribusiness, better nutrition, and strengthening food security».

Cameroon’s growth in the industrial sector “rebounded to 5.7% growth in 2015, boosted by agribusiness and construction, and the time to start a business shrank to 15 days from 45. However, the country should cut red tape and make it easier for businesses to get loans. Internet use rose 10-fold”, and, investments in the sector of telecommunications, such as the Central African backbone project thanks to which 1,000 kilometers of fiber optical cables will be deployed, with funding from AfDB.

In terms of regional integration, AfDB disclosed that despite the major deficit in infrastructures, trade between Cameroon and other African countries has increased over the last decade spurred by AfDB-backed cross-border road projects like the 535 km corridor between Bamenda in Cameroon and Enugu in Nigeria.

Brice R. Mbodiam

http://www.businessincameroon.com/i...n-terms-of-social-services-and-infrastructure
 

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Discussion Starter · #646 ·
Douala becomes CEMAC’s financial center following the transfer of BVMAC


(Business in Cameroon) - Criticized for years by market analysts and experts, the presence of two stock exchanges in an economic community was considered as an embarrassment and the actual manifestation of national selfishness.

Following the summit of the Heads of States of CEMAC on October 31, 2017, in Ndjamena, Libreville will not host the headquarters of the Central African stock exchange (BVMAC) anymore. The conference of Heads of States decided the transfer of the regional stock exchange, which up till now was in Libreville, to Cameroon’s capital.

At the same time, while the conference decided to keep the headquarters of the regional financial market regulator in Libreville and, move the headquarters of the regional stock exchange to Douala, it also appointed the Bank of Central African states as the central depository.

This decision ends disputes between these two stock exchanges. Henceforth, stock market transactions will take place In Douala. This should grow the market and encourage companies which were reluctant to list on the stock exchange.

SeM
http://www.businessincameroon.com/f...ancial-center-following-the-transfer-of-bvmac
 

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The CMA CGM BIANCA, largest ship to call in Cameroon

Just infuriating to think the port has been sitting idle for 2 two years after construction

The CMA CGM Group, a leader in maritime transport, announced the start of its commercial operations at the Kribi Container Terminal. On this occasion, the CMA CGM BIANCA, 8721 TEUs and 335 meters long, became the largest container ship to call in Cameroon on 2 March 2018.

4 new weekly direct services
The CMA CGM Group is deploying four new weekly direct services in Kribi to northern Europe, the Mediterranean and Asia. The services concerned are:

1. EURAF 4, connecting the Mediterranean and West Africa with the following rotation: Marseilles, Barcelona, Valencia, Casablanca, Algeciras, Tangier, Dakar, Lome, Bata, Malabo, Apapa, Tincan, Onne, Kribi, Port Gentil, Libreville, Douala, Algeciras, Marseilles

2. EURAF 5, connecting Northern Europe and West Africa with the following rotation: Antwerp, Le Havre, Lisbon, Algeciras, Pointe Noire, Luanda, Kribi, Douala, Abidjan, Algeciras, Antwerp

3. ASAF, linking Asia and West Africa with the following rotation: Qingdao, Xingang / Tianjin, Busan, Shanghai, Ningbo, Nansha, Tanjung Pelepas, Singapore, Pointe des Galets, Cape Town, Pointe Noire, Kribi, Luanda, Cape Town, Port Kelang, Singapore, Qingdao

4. West Feeder Service, connecting Kribi, Port Gentil, Boma, Matadi and Libreville

Thanks to its strategic positioning, the Kribi hub will also significantly reduce transit times.

Kribi, a major hub in West Africa for the CMA CGM Group
Located in Cameroon, a growing market, the Kribi terminal aims to act as a major port in Cameroon in addition to Douala and as a hub by offering the Cameroonian supply chain a modern infrastructure adapted to the new generation of transoceanic vessels. The opening of Kribi is part of the strategy implemented by Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, which aims to develop the Group's terrestrial and door-to-door activities in order to offer its customers a quality global transport offer backed by CMA CGM's global maritime network. The Kribi container terminal is jointly operated by CMA CGM, Bolloré Transport & Logistics and the Chinese group CHEC as part of a 25-year public-private partnership with the State of Cameroon.
https://steelguru.com/logistic/the-cma-cgm-bianca-largest-ship-to-call-in-cameroon/504105
 

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Discussion Starter · #651 ·
Antwerp port and nine multinationals pre-qualified to replace Necotrans for the management of Kribi port’s multipurpose terminal


(Business in Cameroon) - The competition is tough to replace Necotrans (after the two-year transitory period) whose failure was declared in 2017 by Cameroonian authorities on the concession of Kribi port’s multipurpose terminal.

Indeed, the port authorities just published the list of companies pre-qualified after the restricted call to tender launched on March 12, 2018. On the list, there are notable groups such as Antwerp port (the leading port platform in Belgium and second largest in Europe), the Morrocan group Marsa and the International Container Terminal which paid its fees directly from Dubaï.

There are also Red Sea Gateway Terminal Company limited (Saudi Arabia), Sea Investment Afrique SA (Belgium), CDC et Transnet (South Africa), CAF Ship, Medlog SA (Belgium) and Agence de prestation maritime (Cameroon).

In the meantime, the multipurpose terminal is being managed by the Cameroonian consortium Kribi Polyvalent Multiple Operators (KPMO). This was officialized by Kribi autonomous port and KPMO via a two year sub-contracting agreement signed on July 9, 2018.

Sylvain Andzongo

https://www.businessincameroon.com/...agement-of-kribi-port-s-multipurpose-terminal
 

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Discussion Starter · #652 ·
Cameroon grants tax and fiscal exemptions to facilitate the construction of a cement company in Kribi

(Business in Cameroon) - A 500,000 tons cement company will be built in Kribi (where the largest port on the West African coast is located) by Engineering construction manufacturing and trading SARL, a Cameroonian company.

To facilitate the implementation of this project, Cameroon (through the investments promotion center Agence de promotion des investissements [API]) signed, on June 28, 2018, an agreement granting the advantages of the 2013 law, on private investments incentives in Cameroon, to the project promoter.

Revised in July 2017, this law grants from 5 to 10 years of tax and customs exemption to companies willing to invest in Cameroon or expand their already existing activities in the country.

For its future cement company, Engineering construction manufacturing and trading SARL plans to invest CFA15.5 billion. This unit will then be the fifth operating in Cameroon after CIMENCAM (Lafarge-Holcim), CIMAF of the Moroccan Addoha, Dangote Cement and the Turkish Medcem.

Brice R. Mbodiam
https://www.businessincameroon.com/...the-construction-of-a-cement-company-in-kribi
 

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Discussion Starter · #653 ·
By 2019, Cameroonian electricity company Eneo will install 35 MW of solar power in the three northern regions


(Business in Cameroon) - Eneo, the company holding the concession in the public electricity sector in Cameroon, is getting ready to launch a call for expression of interest for the recruitment of a service provider who will install a solar power plant with a capacity of 10 MW in the town of Ngaoundéré, the regional capital of Adamawa, in northern Cameroon.

According to Eneo, this solar power plant should be operational by 2019. At the same time, we learned from sources within this company owned by British investment fund Actis, the construction of two other solar power plants is planned in cities in the two other northern regions. These are Maroua (15MW), in the Far North region and Guider (10 MW), in the Northern region.

As a reminder, according to a study by Arsel, the regulatory body in the electricity sector in the country, northern Cameroon is the area most exposed to the sun in Cameroon. The average level of sunlight exposure is 5.8 kWh/m2/day, against 4 kWh/m2/day only for the South.

Regarding the energy mix in Cameroon, it is largely dominated by hydroelectricity, from which 73.3% of the national production is officially generated. Thermal power represents just over 25% against barely 1% for solar power, biomass and wind power all combined.

BRM
https://www.businessincameroon.com/...-of-solar-power-in-the-three-northern-regions
 

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Discussion Starter · #654 ·
Cameroon: Dangote Cement sold 332,000 tons of cement in Q1, 2018


Business in Cameroon) - During Q1, 2018, Dangote Cement Cameroon sold about 332,000 tons of cement. According to the industrial group, this feat was namely due to the brand’s popularity, an increase in the distribution centers, an improvement of its sales and marketing strategy. It is also due to the various initiatives to encourage the internal sales staff as well as the distributors, as shown by an increase in trade participation.

The company indicates that during the period under review, demand for cement in Cameroon was 760,000 tons (44% of which was supplied by Dangote cement). It also informs that this increase was spurred by increased investment in infrastructures such as roads, hotels, hospitals and the AFCON2019 infrastructures.

Sylvain Andzongo

https://www.businessincameroon.com/...cement-sold-332-000-tons-of-cement-in-q1-2018
 

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Africa , My Future Home
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Cameroon: announced construction of a tramway line in Douala for 2023

Like Nigeria and Senegal in West Africa, Cameroon has undertaken to optimize public transport offers in its major cities, in order to facilitate urban mobility. Douala is in particular the target of two major projects, a tramway and high-level service buses.

In an interview given to the newspaper Défis Actuels and relayed by Investir au Cameroun , the mayor of Douala Roger Mbassa Ndiné, announced for 2023 the construction of an 18 km tramway. “ It is the tramway project which comes from Douala 4th to the Agip crossroads ” he indicated.

 
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