Finance

DIT, a subsidiary of the APMT and Bolloré groups, welcomes the ruling handed down in its favour by the ICC arbitration tribunal

DIT, a subsidiary of the APMT and Bolloré groups, welcomes the ruling handed down in its favour by the ICC arbitration tribunal
Saturday, 14 November 2020 15:25

DIT was forced to turn to the ICC arbitration tribunal under the 2004 concession agreement on the following two points:

  • sharing of parking rights between the Autonomous Port of Douala (APD) and DIT ;
  • preventing DIT from participating in the tender procedure launched in January 2018.

On November 13, 2020, the arbitration tribunal recognized the merits of DIT's two claims.

Consequently, the arbitration tribunal ordered the PAD to pay DIT in damages and to re-issue an open tender notice including DIT.

DIT welcomes these decisions in accordance with the rule of law.

The recourse to arbitration was provided for under the APD-DIT concession agreement of 2004. In accordance with the arbitration rules of the ICC, the ruling was handed down in full independence by a tribunal composed of the two parties.

DIT stresses the fact that the Cameroonian courts have already ruled on several occasions in favor of DIT’s main shareholders on the irregularity of the tender procedure for the container terminal concession and the illegality of the public company implemented by APD to operate the container terminal.

Naturally, DIT and its main shareholders will continue to defend their rights relative to all the parties involved before national and international jurisdictional bodies, particularly as concerns the requisitions of its personnel and assets ordered illegally by APD at end-December 2019.

About DIT

Douala International Terminal, the main shareholders of which are APMT and Bolloré Ports, was the operator of the container terminal at the Port of Douala from 1 January 2005 to 31 December 2019. Over the 15-year concession period, DIT fitted the terminal with modern equipment and infrastructure resulting in a threefold improvement in performance (with 350,000 TEU recorded in 2019) and invested above and beyond its initial commitments. With 450 employees, DIT obtained ISO 9001 certification (quality management) and was the first terminal to obtain ISPS certification (maritime security). The company regularly led initiatives in favor of disadvantaged populations and young people. At the end of the concession period, and despite the cancellation by the Cameroonian courts of the result of the call for tenders on the new concession for the container terminal, PAD illegally ordered the requisition of DIT personnel and equipment. The matter has been referred to the court and the company is awaiting the continuation of the procedures.

dit douala

On the same topic
Ecobank’s 2025 results reflect the shift of a pan-African bank toward a more profitable, disciplined and long-term-oriented model. At 40, the challenge is...
Africa Re reports net profit of $199 million in 2025, up 50.62% year-on-year. Investment income reaches record $114 million while FX losses...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchise. Transaction may alter Servair Abidjan revenue...
Africa’s ultra-wealthy population expected to rise 15% by 2031 Continent’s share of global wealth declines amid faster growth...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
03

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
04

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
05

Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...

“Private Investors Are Not Philanthropists: Risk Must Be Shared” — Tarek Toko Chabi, BOAD
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.