Thursday, June 11, 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 Economy

Douala Port redistributes FCFA 2billion in rebates to business partners

Louis Bitbeng by Louis Bitbeng
May 3, 2025
in Economy
0
Douala Port redistributes FCFA 2billion in rebates to business partners

PAD, RTC officials in group photo with rebates beneficiaries

0
SHARES
18
VIEWS
Share on FacebookShare on Twitter

The Port Authority of Douala (PAD) has offered financial incentives worth FCFA 2billion (excluding taxes) to business partners in recognition of their significant contribution to the growth of port traffic in 2024. The commercial rebates were distributed to ship owners, importers and exporters – business partners of the Douala Port Container Terminal (RTC S.A.) during a ceremony in the country’s Economic Capital on April 25, 2025.

The Deputy Director General of PAD, Charles Moukoko Njoh; the Managing Director of RTC Lin Dieudonne Onana Ndoh and the Director General of Cameroon National Shippers Council (CNCC), Auguste Mbappe Penda were among top officials at the third edition of the ceremony to hand over the commercial rebates to beneficiaries.

Some 104 loyal customers benefitted from the financial incentive distributed proportionally based on the volume of container traffic measured in twenty-foot equivalent units (TEUs).

From the total amount of FCFA 2billion, 20% was offered to ship owners and 80% to importers and exporters. This brings to FCFA 6billion the total amount PAD has redistributed to business in three years.

The total amount of 2 billion CFA F was allocated as follows: For the purpose of distribution to ship owners, beneficiaries of the rebate must be up to date with their arrears to RTC SA and demonstrate a minimum traffic of 10,000 full twenty-foot equivalent units (TEUs).

Ship owners who achieved the minimum traffic required, received the allocated amount proportionally to their on-board traffic in full TEUs.

Notable recipients this year included Maersk Line Agency Cameroon SA, which received the largest rebate of FCFA 168.8 million topping ship owners. Some 32 indigenous importers were also rewarded with major fish importer and distributor, Congeles du Cameroon (CONGELCAM), benefiting rebates worth FCFA 68.1 million.

The Cameroon Cotton Development Company (SODECOTON) received a rebate of 102.7 million, topping the 54 companies that made up the national exporters category.

RTC business partners in neighbouring countries like Chad, the Central African Republic and the Republic of Congo were also recognized during the ceremony with PAD officials saying they will receive their financial incentives in their various countries in the coming days.

Speaking during the ceremony,  the Managing Director of the Container Terminal,  Lin Dieudonne Onana Ndoh promised that as long as the Port Authority is in operation,  the recognition of its client, who are the shippers and ship owners, will always take place.

“This is a recognition of the contribution that the shippers and ship owners  bring to the economy of the nation and the sub-region. If those two components are not present, the economy will be stagnant, and port activities will not move,” Onana Ndoh said. 

The Deputy General Manager of PAD said the maritime facility remains committed to fostering strong partnerships with its clients while encouraging performance and promoting maritime traffic development at the Port of Douala-Bonaberi, a key economic hub in Central Africa.

Smiling with their cheques in hand, the Douala Port rebates beneficiaries promised to do more business with the maritime firm to benefit even more in the coming years. Speaking on behalf of Maersk Line Agency, Ezekiel Kounga said the company was happy to receive an amount more than it was given the previous year, pledging they will continue doing business with RTC.

“We have achieved a much higher performance than that of last year. This shows that we are in a process of continuous improvement and we were riveted in this momentum,” Kounga said. “By this we affirm our support for RTC and we will continue to support RTC in its development project and we hope to do better next year,” he said.

Tags: Cameroon National Shippers CouncilLin Dieudonne Onana Ndoh

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

Unsubscribe

Related Posts

Minister urges timely completion of Bamenda road works ahead of Pope Leo XIV’s visit
Economy

Minister urges timely completion of Bamenda road works ahead of Pope Leo XIV’s visit

March 24, 2026
Access Bank Cameroon strengthens strategic partnership with gov’t to support development
Economy

Access Bank Cameroon strengthens strategic partnership with gov’t to support development

March 24, 2026
Tony Elumelu Foundation names 30 Cameroonian entrepreneurs in 2026 cohort
Economy

Tony Elumelu Foundation names 30 Cameroonian entrepreneurs in 2026 cohort

March 23, 2026
New startup to guide SMEs as Finance Law sharpens focus on compliance
Economy

New startup to guide SMEs as Finance Law sharpens focus on compliance

March 23, 2026
Tony Elumelu Foundation Opens 2026 Entrepreneurship Programme
Economy

Tony Elumelu Foundation to unveil 2026 TEF cohort Sunday

March 19, 2026
Instant payments surge across Africa – New report
Economy

Instant payments surge across Africa – New report

March 19, 2026
Tusks seized from suspected traffickers

Two engineers to appear in court for ivory trafficking

August 21, 2024
“Lights Out” movie to premiere in Douala April 18 amid global buzz

“Lights Out” movie to premiere in Douala April 18 amid global buzz

March 26, 2026
US-based Barrister Nsahlai wants Nkambe Youth Day bombers prosecuted

The Colbert Factor: Unfortunate February 11 Nkambe mayhem and urgent need for paradigm shift on National Day celebs

February 20, 2024
Nigeria’s former president Obasanjo to invest FCFA 420 billion at Port of Kribi

Nigeria’s former president Obasanjo to invest FCFA 420 billion at Port of Kribi

April 7, 2025
New Report Exposes Significant Gaps on Access to Information in Cameroon

New Report Exposes Significant Gaps on Access to Information in Cameroon

June 10, 2024
At Golden Jubilee celebration: CDENO counts achievements, multiplies support to vulnerable farmers  

At Golden Jubilee celebration: CDENO counts achievements, multiplies support to vulnerable farmers  

December 24, 2024
Don’t tamper with the internet during 2025 presidential election – PIN tells government

Don’t tamper with the internet during 2025 presidential election – PIN tells government

April 17, 2025

AWF CEO visits Cameroon April 19-25 as organisation clocks 10

April 17, 2026

Greedy, selfish politicians have taken Cameroon hostage – Prof Dze-Ngwa

April 9, 2021

Mega Cameroonian Festival of North America to valorise culture, tradition

January 12, 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

LOYOC, partners equip stakeholders with peace and security knowledge

March 29, 2026

Youth at the heart of Africa’s forest future as AFF’s workshop comes to Cameroon

June 9, 2025

Senate president remains ‘missing’ as parliament opens next week

February 29, 2024

A whirlwind tour of Faro National Park with Anthony Agbor

September 3, 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