On July 24, Cameroonian Prime Minister Joseph Dion Ngute officially launched the construction of a 500-hectare industrial and logistics complex along the Dibamba River. This project is a CFA 230 billion ($411 million) partnership between India’s Arise IIP and the Port Autonome de Douala (PAD).
The project is scheduled to progress in two phases. Phase 1 involves a 100-hectare multimodal logistics zone, costing CFA 160 billion, planned for completion within 24 months and expected to generate approximately 15,000 direct and indirect jobs. Phase 2 involves a 350-hectare industrial-port zone, valued at CFA 70 billion, to be developed over 36 months. This project will include agro-processing units, a timber cluster, and a modern fishing port.
Once fully operational, the complex is expected to anchor an ecosystem that could support up to 500,000 direct, indirect and induced jobs, ease pressure on the main Douala port and strengthen trade links with Cameroon’s hinterland via river and rail corridors.
The initiative aligns with Cameroon’s National Development Strategy 2020–2030, which aims to accelerate industrialisation and enhance regional connectivity.
Originally reported in French by Frédéric Nonos; English adaptation by Ola Schad Akinocho.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Cameroon awards five oil blocks to Murphy Oil and Octavia Four of nine blocks unassigned, reflecting cautious investor interest Deals enter...
Lotus Resources announced on Wednesday, April 29, the successful completion of the first phase of a drilling program at its Letlhakane uranium project...
President Félix Tshisekedi ordered the launch, within 30 days, of an audit covering the entire mining revenue chain, from physical shipments to...
Société sucrière du Cameroun (Sosucam), a subsidiary of France's Castel group, invested 2.5 billion FCFA (about $4.5 million) in a new sugar...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....