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French group Bollore Africa Logistics slowly taking over Cameroon

The CPDM government has granted for an initial period of 20 years the exploitation and expansion of the container terminal in the port of Kribi to the consortium Bolloré Africa Logistics (BAL) - China Harbour Engineering Corporation (Chec) and CMA CGM. To win the bidding for the management of the container terminal, Cameroon Concord gathered that the Bolloré grouping / CHEC / CMA CGM, proposed 623.47 million euros to the steering committee monitoring the administration of the industrial and port complex.

Kribi already has a dock of 350 m, built and equipped by CHEC. The concession contract granted to the group on Thursday August 27, 2015, provides for the expansion of the terminal, with the construction of an additional quay of 700 meters over a maximum period of 5 years. The harbor port of Kribi, has a depth of 15 meters and direct access to the sea, which will enable Cameroon to host large ships carrying up to 8,000 containers. 

The French giant, Bolloré Africa Logistics which now runs the Kribi terminal operator, also controls the container terminal in the port of Douala, has 100% control of Camrail, our railway company and employs only 5000 Cameroonians ever since it emergence in Cameroon in 1947. The group operates in 46 African countries and has 25 000 employees with a turnover budget of 25 billion euros.

Its Chairman Vincent Bollore teleguided and supervised the demise of former Ivorian President Laurent Gbagbo when he reportedly erected a stone wall against the interest of Bollore Africa Logistics in his country. 

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Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .

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