A NEW TIRE RECYCLING IN CAMEROON

At the start of 2019, Pneupur will launch the first ever used tires recycling and recovery in Cameroon, sources close to the project reveals.

The two twin brothers who initiated this revolution, are automobile enthusiast who studied automobile in France. This revolution will change the way used tires are generally discarded. According to the sponsors, 80% of those tires are generally discarded in nature.

To be built on 3 hectares, in Bikok, the company hosted by the technopole of the Ecole Nationale Supérieure Polytechnique de Yaoundé, this unit will convert the used tires collected in Cameroon into granulated materials. These materials will then serve as soil coating for central courtyards, buildings, multisport grounds, recreational areas, school yards and children’s playgrounds.

According to the brothers, the first coating will be carried out in 2018 in order to show that the Pneupur concept is efficient.  

The company wants to create 41 direct jobs and 150 indirect jobs within 3 years. At the start, it will transform 70,000 used tires, however, at the end of those 3 years, it will increase the capacity to 150,000 tires.

The project will cost about CFA327 million (€500,000) and it has been funded by private operators and investment funds.

SOURCE: www.businessincameroon.com/

ARRIVAL OF ROADMAX TRUCK TYRES IN DOUALA FOR IMMEDIATE DISTRIBUTION

Arrival of high quality ROADMAX TYRES. AVIALABLE: - 13R22.5 Crampong and line - 385/65R22.5 - 315/80R22.5 Crampong and line - 7.50R16 Crampong and line BEST PRICE AND QUALITY

EXIMBANK OF CHINA LOANS 415.82 BILLION FOR PHASE II OF KRIBI SEA PORT PROJECT

Louis Paul Motaze, Minister of Economy (Minepat), signed with Eximbank China, on 4April in Yaoundé, a concessional loan agreement (FCfa 89.4 billion) and a preferential buyer credit agreement (FCfa 326.42 billion) for phase II of the construction project of the deep water port of Kribi. Which brings it to a total of FCfa 415.82 billion with an interest rate of 2%. And the repayment term is 20 years, with a grace period of 7 years.

The different components of this second phase are the extension of the dyke by 675 metres (m), the reconfiguration of the access channel, the construction of a container terminal with a 700m-long dock to double the current capacities and provide twice more handling equipment than in phase I, to increase productivity. “Phase II thus appeared as crucial and above all, its completion before 2020 became a key point for the additional demand in traffic to meet a substantial offer in operational structures”, declared Louis Paul Motaze.

Still according to Minister of Economy, the contribution of the Chinese partner, representing 85% of the global cost of the project, will be added to the remainder evaluated at FCfa 68.5 billion, corresponding to 15% of the total cost of said project and paid for by the container terminal concessionaire (the Bolloré-CHEC-CMA CGM consortium) in the framework of the partnership contract.

Source: www.businessincameroon.com