Gov't back to initial option of building deep water port in Ngeme

Business News of Thursday, 6 October 2016Source: Business in CameroonGov't back to initial option of building deep water port in NgemeCameroonian State back to initial option of building deep water port of Limbé in NgemeAfter announcing in August 2013 the relocation of the project for the construction of the deep water port of Limbé, from the Ngeme site to Isonge, the State of Cameroon has come back to the initial option, “after assessing several hypotheses”, reveals a report just made public by the National Port Authority (APN). At the time, the then-Minister of Economy, Emmanuel Nganou Djoumessi, had justified the relocation of this project by the narrowness of the Ngeme site, and above all, the costs linked to the payment of compensations. All these particularities of the Isonge site, whih were then presented as advantages for the implementation of the project, are finally brushed aside since, according to APN’s revelations, it is finally in Ngeme that the deep water port of Limbé will be built. As a reminder, it was on 1 November 2013 that the Cameroonian government signed an agreement with the Cameroonian-Korean consortium called Limbe Port Industrial Development Corporation (LIPID), for the construction of the deep water port of Limbé, in the South-West region of the country. This infrastructure, which should cost no less than FCfa 300 billion, according to updated estimates, should be delivered in 2018.

Source:CameroonWeb

October 06, 2016 08:52 UTC


Cameroon invited to the Algerian-African Business Forum

Business News of Thursday, 6 October 2016Source: Business in CameroonCameroon invited to the Algerian-African Business ForumCameroon invited to the Algerian-African Business Forum from 3 to 5 December 2016 in AlgiersOn 28 September 2016, during a meeting with the Deputy Minister of External Relations (Minrex) in charge of relations with the Islamic world, Merzak Bedjaoui, Ambassador of Algeria in Cameroon, expressed his wish that the Cameroonian authorities work towards a high attendance from Cameroon to the Algerian-African Business Forum, we learned from sources inside Minrex. This meeting, the first of its kind organised by Algeria, will take place from 3 to 5 December 2016 in Algiers, the Algerian capital. According to the Algerian authorities, this business forum is not only meant to present the investment opportunities available in Algeria, but to also further develop partnerships for the promotion of Algerian exports towards the African continent, particularly for sectors such as the food industry and medicines. The same month, the Algerian ambassador in Cameroon had announced the upcoming opening of an Algerian-Cameroonian trading post in the city of Douala, the economic capital of the country. This last initiative, meant to strengthen the economic cooperation between the two countries, we learned, is the 3rd of its type in Africa, after the Dakar and Abidjan trading posts.

Source:CameroonWeb

October 06, 2016 08:52 UTC


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