Since the initial agreement to build the port at Kribi was signed in 2009, 10 Chinese firms, including CHEC and its holding company, China Communications Construction Co
Since the initial agreement to build the port at Kribi was signed in 2009, 10 Chinese firms, including CHEC and its holding company, China Communications Construction Co., have obtained concessions to mine bauxite, iron ore and other minerals. Other Chinese companies are constructing office towers in the capital, Yaounde, and stadiums for the 2019 Africa Cup of Nations soccer tournament. The Kribi project also highlights CHEC’s rapid expansion on the continent, where it’s won dozens of contracts and is expanding ports from Guinea in West Africa to Tanzania in the east. In Cameroon, CHEC has the country’s largest projects: the first and second stages of the Kribi complex will cost $1.3 billion, while it’s also building a $453 million highway linked to the port, holds a contract to dredge the port of Douala and has signed an accord for a railway to the Mbalam iron-ore deposit. After a slow start, the port shipped almost 3,000 logs of timber from the Central African Republic by June and handled about 80 vessels by mid-July.
