PROJECT

Projects

Summary of Investment Information

Project Number

44896

Company Name

AGENCE DE PRESTATIONS MARITIMES S.A

Date SPI Disclosed

May 18, 2023

Country

Cameroon

Region

Africa

Projected Board Date

Jun 20, 2023

Environmental Category

B - Limited

Status

Hold

Last Updated Date

Feb 14, 2024

Department

Regional Industry - MAS Africa

Industry

other

Sector

other

Additional Project Attributes

Blended Finance

Project Description

 Agence de Prestations Maritimes (“APM”) is an integrated provider of real estate warehousing/storage for rent and logistical services. APM provides end to end supply chain services to over 200 local and international customers active over a wide array of sectors ( retail, manufacturing, agriculture) out of the of Kribi and Douala ports. APM currently employs 190 full time staff. The Company has set up a representative office in N’Djamena (Chad) and has a similar plan for Central African Republic (“CAR”) whose importers and exporters face some of the challenges encountered by Chadian customers and also depend heavily on Douala and Kribi for its foreign trade.

The Project consists of i) the expansion of APM’s existing warehousing facilities in the Douala Port area, ii) the construction of additional warehousing facilities in Douala’s largest industrial  zone, iii) the construction of a wood park the Kribi port area and iv) the refinancing of existing long term local currency LT debt facilities.

The project is expected to be supported by the IDA 20 Private Sector Window Blended Finance Facility (IDA PSW BFF) as described in the Blended Finance Section.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation