Business News and Headlines

AD Ports Joins Cameroon’s Douala New Dry Bulk Terminal Concession

UAE‑based AD Ports Group has entered a 30‑year concession with Africa Ports Development to design, build and operate a new dry‑bulk terminal at Cameroon’s Port of Douala. The partnership gives AD Ports an effective 51% economic stake and commits roughly US$87 million to phase one, which will feature two berths, 450 metres of quay and a 4 million‑tonne annual handling capacity. Construction is slated for 2026‑2028, targeting commodities such as clinker, gypsum, fertilizer and grain. The project aims to boost Douala’s role as a key gateway for Central African trade.