Kribi Container Terminal secures FCFA12 billion loan to boost operating capacities

Kribi Container Terminal (KCT), the concessionaire of the Kribi deep seaport’s container terminal, recently signed a FCFA12 billion loan agreement with SCB Cameroon, the local subsidiary of Moroccan banking group Attijariwafa Bank. The agreement was signed on July 26, 2023, we learnt. According to sources within the local banking community, this is the second loan contracted by KCT in the space of one month. In June 2023, the terminal concessionaire signed a loan agreement with the local subsidiary of French group Société Générale. Sources at the Port Authority of Kribi (PAK), the state-owned company that manages the deep seaport of…