Wednesday, April 15, 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
25
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

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
Judicial Police parade suspects in Bamenda Regional Hospital burglary
News

Judicial Police parade suspects in Bamenda Regional Hospital burglary

March 25, 2026
Cameroon reaffirms readiness to host WTO ministerial conference amid relocation concerns
News

Cameroon reaffirms readiness to host WTO ministerial conference amid relocation concerns

March 16, 2026
Sassou Nguesso seeks new mandate as Congo vote closes CEMAC electoral cycle
News

Sassou Nguesso seeks new mandate as Congo vote closes CEMAC electoral cycle

March 15, 2026
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
Cameroon’s Toghu marathoner to promote education with proceeds from strenuous Antarctica race

Cameroon’s Toghu marathoner to promote education with proceeds from strenuous Antarctica race

May 2, 2025
Wood fuel. Coal traders from East express their dismay at road hassles

Wood fuel. Coal traders from East express their dismay at road hassles

February 9, 2022
CAMASEJ empowers journalists to uncover cover-ups

CAMASEJ empowers journalists to uncover cover-ups

June 24, 2024
Youth clean venue four days to grand opening of Bamenda III maiden FEHACU

Youth clean venue four days to grand opening of Bamenda III maiden FEHACU

November 22, 2021
What happened to CUJ?: Veterans mull over creation of ‘federal’ syndicate for Cameroon journalists

What happened to CUJ?: Veterans mull over creation of ‘federal’ syndicate for Cameroon journalists

May 29, 2024
New CAMASEJ Yaounde exco swings into action

New CAMASEJ Yaounde exco swings into action

January 30, 2025
Ivorian, Joel Hounsinou, appointed General Manager of CAMRAIL

Ivorian, Joel Hounsinou, appointed General Manager of CAMRAIL

December 16, 2024

North West region maintains dominance at Mount Cameroon Race

February 24, 2024

Cameroonian fighters set to shine at PFL Africa finals in Cotonou

December 18, 2025

ELECAM Nkambe uses football to boost voter registration in Donga Mantung Division

July 2, 2024

UBa student, Ngwa Norah wins second edition of Sisterspeak’s Digital Literacy Contest

March 21, 2022

Cameroon’s culture on display at 25th Carthage Theatre Days in Tunisia

November 28, 2024

Cameroon’s bloody war: Inadequate healthcare leaves women and children on the edge

February 3, 2021

CAMASEJ secures unprecedented FCFA 180M grant to empower journalists

December 8, 2023

Tony Elumelu Foundation secures new partnership to support 1,000 more African entrepreneurs

February 13, 2025

Cameroonian Businesses Set For 2026 Aquarian Consult’s Afri-Caribbean Investment Summit

February 20, 2026
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