Cameroon’s SCDP Seeks CFAF150bn Financing for Kribi Oil Depot

Cameroon’s petroleum depot company, SCDP, is seeking up to CFAF150 billion in long-term financing for a new fuel storage terminal in Kribi, as the country moves to establish a second petroleum-products import gateway alongside Douala. The State-controlled company presented the project’s financing requirements to banks, investors and other financial institutions during a meeting in Douala on August 26. The project, known by its French acronym DPK, is expected to be financed with about CFAF100 billion in local currency, with the balance raised in euros. SCDP is conducting the process with advisory firm PG & Partners and Ivorian investment bank Matha Capital. The financing under consideration would have a maturity of 10 to 15 years, including a principal grace period of three to five years. Project officials expect the main financing parameters to be finalized within 60 days. The Kribi terminal is intended to complement Cameroon’s existing petroleum import infrastructure in Douala by allowing the country to receive larger tankers at its deep-sea port and expand its fuel storage capacity. SCDP’s technical specifications published in June 2026 ...