Thursday, March 12, 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
16
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

Gov’t warns against foreign interference in Oct 12 presidential election
News

Cameroon suspends top diplomat over unauthorized remarks on Iran war

March 11, 2026
Religion, Rockets and Troops : The Trump Administration’s Push Against Jihadists in Nigeria
News

Religion, Rockets and Troops : The Trump Administration’s Push Against Jihadists in Nigeria

March 5, 2026
Joy in Bangolan as Fon Chafah returns 10 years after
News

Joy in Bangolan as Fon Chafah returns 10 years after

March 5, 2026
CAMASEJ hails creation of Peter Essoka Prize for Journalism Excellence
Editorial

In Defence of Excellence: Why the Peter Essoka Journalism Prize Matters

February 25, 2026
CAMASEJ hails creation of Peter Essoka Prize for Journalism Excellence
News

CAMASEJ hails creation of Peter Essoka Prize for Journalism Excellence

February 22, 2026
Ndu Mayor eulogises “martyrs” killed in Ntumbaw dastardly attack
News

Ndu Mayor eulogises “martyrs” killed in Ntumbaw dastardly attack

February 10, 2026
ICRC sows seeds of hope for displaced people in Cameroon’s Far North region

ICRC sows seeds of hope for displaced people in Cameroon’s Far North region

November 7, 2024
At Yaounde colloquium: SFCG Cameroon, LOYOC rally stakeholders to advance youth, peace and security scheme

At Yaounde colloquium: SFCG Cameroon, LOYOC rally stakeholders to advance youth, peace and security scheme

November 27, 2024
Hervé Mbome Mamoun takes elite expertise to Chinese football

Hervé Mbome Mamoun takes elite expertise to Chinese football

November 14, 2025
Opposition candidates root for united front against Biya

Opposition candidates root for united front against Biya

August 5, 2025
UBA Group to commence full banking operations in France

UBA Group to commence full banking operations in France

November 29, 2024
The paramountcy of respecting our traditional titles

The paramountcy of respecting our traditional titles

January 30, 2025
Donga Mantung kids shine at Commonwealth Day celebration in Yaounde

Donga Mantung kids shine at Commonwealth Day celebration in Yaounde

March 14, 2024

2025 Women’s Day in Y’de: North West women charm spectators in spectacular parade

March 10, 2025

Taking his first decisions: Osih appoints Biya’s NW,SW Reconstruction’s Njong as SDF Scribe

December 5, 2023

PC Ntanghem, Bamenda: Parishioners rejoice as Minister Mbah Acha pays surprised visit

December 4, 2020

Protecting Cameroon’s Last Kordofan Giraffes

June 21, 2025

Industry professionals to share storytelling secrets at Advanced School of Mass Communication conference

January 27, 2026

Kenyan athlete dies after finishing Mount Cameroon Race

February 26, 2024

African youths press for more climate adaptation finance ahead of COP28

November 21, 2023

Oct. 12 presidential election: Decades’ old Bello-Tchiroma distrust hampering opposition unity!

September 16, 2025

Mankon sons, daughters unveil basketful expectations from new fon

June 15, 2022
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