Cameroon’s Kribi Port Plans CFA50 Billion Agricultural Terminal, With 80% of Funding Still to Be Raised

Cameroon’s Kribi Port Plans CFA50 Billion Agricultural Terminal, With 80% of Funding Still to Be Raised

- Friday, 09 October 2026 14:54

The Port Authority of Kribi (PAK) and Kribi Oil and Grain Terminal (KOGT S.A.), a consortium of Cameroonian, Swiss, and Turkish companies, have signed a memorandum of understanding to build a CFA50 billion terminal for agricultural and agro-industrial products. The project would expand Kribi's specialized logistics capacity, but its development depends on securing CFA40 billion in financing that has yet to be raised, according to a statement issued by the port authority on October 9, 2026.

The developers plan to finance 20% of the investment through equity, equivalent to CFA10 billion. The remaining CFA40 billion is expected to be raised with the support of BGFIBank Cameroon, which has been designated as the project's exclusive banking partner for financial structuring and financing coordination. The port authority's statement does not specify whether the bank will provide loans directly or, if so, how much it would contribute.

According to the project document, financing arrangements are expected to take 24 months. Construction is scheduled to begin in 2027, with operations planned for 2029. This timetable therefore assumes that sufficient funding to launch construction will become available before the entire financing package has necessarily been secured.

The terminal would occupy 9.2 hectares within the Kribi port and industrial complex in Cameroon's South Region. According to PAK, the project has received a renewable 20-year temporary occupancy authorization, although the port authority has not disclosed the terms attached to that authorization.

Grain Storage Capacity of 102,000 Tons

The project's main component is a 2.5-hectare grain terminal equipped with 17 silos, each capable of holding 6,000 tons. Together, they would provide 102,000 tons of storage capacity. The facility would also include a quality-control laboratory and a grain-handling tower.

Two warehouse blocks would occupy another 3.2 hectares, with a total of four units measuring 5,000 square meters each. Their combined storage capacity is estimated at between 30,000 and 40,000 pallets. The remaining 3.5 hectares would accommodate several supporting facilities, including parking for 120 to 150 heavy trucks, a logistics fuel station, maintenance facilities, a dining area, and a control center.

According to PAK, Kribi's deepwater infrastructure would allow the terminal to handle vessels carrying up to 50,000 tons. For comparison, the proposed 102,000-ton silo capacity is equivalent to slightly more than two full 50,000-ton cargoes, assuming those shipments consist entirely of grain intended for the facility.

KOGT plans to provide an integrated logistics service covering the entire process from vessel unloading to delivery of goods to their final destinations. Through this arrangement, the developers hope to speed up port operations and reduce handling and transportation costs for importers and industrial companies.

Competing With Established Facilities in Douala

One of the terminal's main commercial challenges will be attracting grain importers, particularly flour mills. Several companies in the industry already operate facilities in Douala, where they have established storage and logistics arrangements.

Among them is Société des Céréales du Cameroun (SCC), which operates in the Bonabéri port area and has storage capacity for 30,000 tons of wheat. Such existing infrastructure represents an important consideration for companies that would have to decide whether to shift part of their import operations to Kribi.

For these businesses, the decision will depend largely on the competitiveness of the total cost of transporting goods to their destinations. The advantages of Kribi's deepwater facilities will have to be weighed against additional overland transportation expenses, particularly when imported grain is intended for factories located in Douala.

PAK's statement does not indicate whether KOGT has already secured commitments from importers or industrial customers to use the proposed terminal. Yet the consortium's ability to secure regular cargo volumes will be an important factor in establishing the project's commercial viability and attracting the financing required for construction.

The proposed investment forms part of a broader effort to diversify logistics activities at the Port of Kribi, which began operations in March 2018. In June 2026, Africa Global Logistics (AGL) Cameroon launched the third phase of its Kribi Logistics Hub, a CFA2.6 billion investment that includes new facilities primarily intended for cocoa storage.

KOGT's project, by contrast, focuses on specialized infrastructure for grain and agro-industrial products. According to the developers' projections, construction could generate between 600 and 800 jobs, while the operational phase would support approximately 200 positions.

The signing of the memorandum of understanding marks an initial step rather than a final investment commitment. For the terminal to become a reality, the consortium must still raise the expected CFA40 billion in financing, complete the required studies, and finalize the procedures that must be completed before construction can begin.

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