Tuesday, June 2, 2026
Newswatch
  • News
    • Front-page
    • Tech
    • Politics
    • Society
    • Sports
    • Environment
    • Economy
    • Religion
  • Abouts
    • About Us
    • Our Team
    • Privacy Policy
  • Contact Us
No Result
View All Result
Sign Up
  • News
    • Front-page
    • Tech
    • Politics
    • Society
    • Sports
    • Environment
    • Economy
    • Religion
  • Abouts
    • About Us
    • Our Team
    • Privacy Policy
  • Contact Us
No Result
View All Result
Newswatch Cameroon
No Result
View All Result
Home News

Douala Port distributes FCFA 2 billion-worth incentives to loyal customers

Ndi Eugene Ndi by Ndi Eugene Ndi
July 2, 2024
in News
0
Douala Port distributes FCFA 2 billion-worth incentives to loyal customers
0
SHARES
29
VIEWS
Share on FacebookShare on Twitter

The Port Authority of Douala, (PAD), has recognized some 104 loyal customers for their significant contribution to the growth of port traffic in the Port of Douala-Bonaberi in 2023.

The ship owners, importers and exporters were awarded a total of FCFA 2 billion (excluding taxes), in commercial rebates for the 2023 financial year during a ceremony in Douala on Friday, June 28, 2024.

The total amount was distributed to the various actors in proportion to the volume of traffic measured in units of twenty-foot long containers (TEUs).

Among ship owners, Maersk Line Agency Cameroon SA, stood out, receiving the largest reward amounting to FCFA 273.9 million while Congelés du Cameroun, (CONGELCAM), which is specialized in the distribution and sale of seafood products topped the chart of importers, receiving a rebate of FCFA 149.4 million.

The Cameroon Cotton Production Company, (SODECOTON), for its part, capped the list of exporters and was awarded the sum of FCFA 63.9 million.

Cyrus Ngo’o, Chairman of Container Terminal Management (RTC) Board,
handing over symbolic cheque to one of the recipients

Establishing strong partnerships with clients

PAD officials say the decision to grant commercial rebates to partners, which is in line with a November 30, 2023 resolution of the Board, underlines the state-owned maritime company’s commitment to establishing strong partnerships with its clients and supporting them in their expansion.

The maritime company said in a statement that the initiative aims to encourage performance and promote the development of maritime traffic within the Port of Douala-Bonaberi, which is a key economic platform for Cameroon and some neighboring countries.

“It’s not the Port that causes the traffic,” said Cyrus Ngo’o, General Manager of PAD and Chairman of the Board of Directors of the Container Terminal Management (RTC). He explained that traffic at the Port depends on the economy.

“We live in the Central African Republic (CAR), Congo, Chad and Cameroon where people are in contact with the outside world. There are transactions taking place. They have to go through a Port, and the Port of Douala happens to be the largest in the Central African sub-region now. So, it is normal that we produce the results,” Ngo’o explained to the media.

Congolese clients also rewarded

Companies from the Republic of Congo [Brazzaville] that contributed to traffic growth at the Port of Douala-Bonaberi also received their allowances at the ceremony in Douala. Among them are the Ouesso Forestry Industry that benefited from an envelope of FCFA 6.1 million, the Thanry Congo wood company that went home with FCFA 6.7 million and the Congo Industrial Wood company (La Congolaise Industrielle des Bois) that was rewarded with FCFA 6.9 million.

The Managing Director of the RTC, Dieudonne Lin Onana Doh used the ceremony in Douala, which was in its second edition to highlight some of the achievements of the PAD subsidiary he heads.

“…These specific actions are part of an overall policy of enlargement and development of the Port of Douala of which we have already recorded the reconstruction of stores, the deployment of a surveillance network, the opening up of the southern zone with the construction of a road network, the construction of a bypass road and a parking lot, the reconstruction of the wood terminal quay…,” he explained.

It should be noted that loyal clients from landlocked neighboring countries; CAR and Chad did not receive their symbolic cheques during the Friday June 28 ceremony in Douala. They have rather undertaken to organize similar ceremonies in their respective countries.

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

CAMASEJ Yaounde calls for adaptation amid AI, social media disruption
News

CAMASEJ Yaounde calls for adaptation amid AI, social media disruption

May 12, 2026
Cameroonian journalists urged to prioritise safety amid press freedom challenges
News

Cameroonian journalists urged to prioritise safety amid press freedom challenges

May 5, 2026
Your reporting defines your legacy – Nico Halle tells journalists on WPFD
News

Your reporting defines your legacy – Nico Halle tells journalists on WPFD

May 5, 2026
Multi-award-winning journalist, Arison Tamfu inducted into Cameroon Wall of Fame
News

Multi-award-winning journalist, Arison Tamfu inducted into Cameroon Wall of Fame

April 27, 2026
Ngah Christian re-elected CENPA president as publishers adopt key reforms
News

Ngah Christian re-elected CENPA president as publishers adopt key reforms

April 13, 2026
LOYOC, partners equip stakeholders with peace and security knowledge
News

LOYOC, partners equip stakeholders with peace and security knowledge

March 29, 2026
Anglophone crisis: Queen Mothers want end !

Anglophone crisis: Queen Mothers want end !

December 25, 2020
NewsWatch newspaper of Wednesday September 14 2022

NewsWatch newspaper of Wednesday September 14 2022

September 16, 2022
“Setting up municipal employment offices is not a solution,” Dr Nick Ngwayam replies Biya

“Setting up municipal employment offices is not a solution,” Dr Nick Ngwayam replies Biya

February 13, 2025
Group photo of Nigerian army officers and CAMTEL officials during visit

CAMTEL enlightens Nigerian army cadets on digital sovereignty protection

September 13, 2024
Crossed Paths: A cinematic masterpiece winning over global audiences

Crossed Paths: A cinematic masterpiece winning over global audiences

May 1, 2026
ANTIC establishes taskforce to curb rising online child abuse

ANTIC establishes taskforce to curb rising online child abuse

July 3, 2024
Tusks seized from suspected traffickers

Two engineers to appear in court for ivory trafficking

August 21, 2024

UK sanctions Russian-owned African Initiative News Agency, accuses it of disinformation

September 10, 2025

Zambia’s Sam Maimbo solicits Cameroon’s vote for AfDB presidency

March 27, 2025

Orange Cameroun honours dedicated staff at Silver Jubilee fete

January 7, 2026

Finance minister halts disorder in money investment schemes

November 25, 2020

Douala throws weight behind Biya in appreciation of new ID Card center

March 18, 2025

Nairobi’s summit redefines girls’ role in Africa

August 11, 2025

Three Cameroonian MMA Lions ready to battle at PFL Africa debut

June 4, 2025

Unacceptable! CAMASEJ condemns arbitrary arrest, detention of journalism student on internship

August 5, 2025

Till kingdom come: Biya, 92, in for another seven-year mandate!

July 15, 2025
NewsWatch Cameroon

Trustworthy, timely and tenacious: that's our newspaper. For 10 years, we have delivered quality journalism that informs, inspires and challenges our readers. Join us as we continue to make a difference in the world of news.

#NewsWatch@10

  • News
    • Front-page
    • Tech
    • Politics
    • Society
    • Sports
    • Environment
    • Economy
    • Religion
  • Abouts
    • About Us
    • Our Team
    • Privacy Policy
  • Contact Us

Sign Up for our News letters

NewsWatch Cameroon Anniversery

© 2024 Newswatch Cameroon All Right Reserved.
Designed by JDC

No Result
View All Result
  • News
    • Front-page
    • Tech
    • Politics
    • Society
    • Sports
    • Environment
    • Economy
    • Religion
  • Abouts
    • About Us
    • Our Team
    • Privacy Policy
  • Contact Us

© 2024 Newswatch Cameroon All Right Reserved.
Designed by JDC