Amadagana & Partners have supported Africa Ports Development for a Eur 210 million financing

Amadagana & Partners is proud to have supported Africa Ports Development during the negotiations with African Export-Import Bank (Afreximbank) for a EUR 210 million financing for the development and operation of a new port terminal in Douala, Cameroon.

The proposed facility will be in two tranches in Euro and Central African Francs (XAF) of up to EUR147 million, with a proposed African Export-Import Bank (Afreximbank) participation of EUR 80 million.

The new terminal which is covered by a BOT Convention with Port Authority of Douala, will be an extension of the existing Port of Douala and will consist of two berths to be numbered 53 and 54. The new specialised terminal is expected to help strengthen Cameroon’s position as a leading economic power in the central Africa region.

In this picture, Marc Tabchy, Founder and Chairman of APD Cameroon (left), exchanges documents with Helen Brume, Director of Project and Asset-Based Finance at Afreximbank (right).

Amadagana & Partners advisory team is composed of Partner Lynda Amadagana, Senior Associate Guy MBENDA and Mid-Level Associate Jean Bangwen.