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The Dublin-based ALPHA Ports Group, has been given the green light by the Kribi Port Authority (PAK) to mount the first edition of the Kribi Investment Summit, to be held in the West African port city of Kribi, Cameroon, between 17 and 19 June 2025.
This summit will be aimed exclusively at investors from Chinese mainland and Hong Kong SAR. The focus will be on investment funding to develop the future of Kribi Port Integrated Industrial Zone (ZIIPK).
Following an announcement in the 2020 edition of the African CEO FORUM that 80 per cent of all African trade passes through ports around this vast continent, Cameroon’s Port of Kribi has been cast into the spotlight as the most modern port on the Atlantic side of the Gulf of Guinea and gateway to the vast economic hinterland of the Economic Community of Central African States.
The Kribi Deep Water Port was officially inaugurated in March 2018, when a draft of 16 metres was achieved and vessels of 11,000 TEUs could be serviced. By 2019 Kribi had handled 210,000 TEUs and volumes continue to rise, establishing Kribi as West Africa’s leading centre of excellence in terms of marine management and one of the top ten largest private ports on the entire continent of Africa.
In terms of an investment proposition for Asian investors, this is an opportunity without precedent, providing a unique opportunity to explore the outstanding business potential of Kribi – the jewel in the crown of Cameroon’s bright future as a trading nation. It is estimated that over USD950 million worth of bankable investment projects will be presented at the Kribi Investment Summit 2025.
‘Not only will this summit provide outstanding returns for investors, it will also provide unrivalled opportunities for the development of the local economy in Cameroon’, says Mr Patrice Melom, General Manager, the Port of Kribi. ‘For Asian investors who have already contributed enormously to the improvement of infrastructure around Africa, this is a summit of the highest quality and we are very proud to award this project to Mr Kingsley Ekweariri and his specialist colleagues’.