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(Business in Cameroon) – Tradex plans to invest CFAF 10 billion in 2026 to build four service stations and a storage depot in Equatorial Guinea.
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Tradex Equatorial Guinea reported 2024 revenue of CFAF 59 billion and net profit of CFAF 3.4 billion, both up year on year.
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Tradex aims to reinforce its competitive position against TotalEnergies and GePetrol while expanding higher-value segments such as industrial supply, bunkering and trading.
Tradex SA, a subsidiary of Cameroon’s state-owned National Hydrocarbons Corporation (SNH) specialising in fuel distribution and maritime bunkering, plans to invest CFA10 billion in its Equatorial Guinea subsidiary in 2026.
Emmanuel Patrick Mvondo, Chairman of Tradex Equatorial Guinea, announced the plan on 19 November 2025 in Yaoundé during a presentation of the company’s performance to Equatorial Guinea’s Vice-President, Teodoro Nguema Obiang Mangue, who was visiting SNH. He stated: “These CFAF 10 billion will allow us to build four service stations and a storage depot.”
Tradex aims to increase the subsidiary’s storage capacity to support higher fuel-import volumes for the Equatoguinean market while expanding its distribution network.
“We will reach fifteen service stations after building these four, still far from TotalEnergies’ 35 and GePetrol’s 30 stations,” Mvondo noted. He said the competitive gap remains significant but stressed that Tradex also focuses on higher-value segments. “We have 30 industrial clients. We carry out maritime bunkering from the depot located at Luba Port. We also operate in trading because we import significant quantities of petroleum products to supply Equatorial Guinea’s domestic market,” he added, describing Tradex’s growing market weight.
Driven by these activities, Tradex Equatorial Guinea posted revenue of CFA59 billion in 2024, up CFA8 billion year on year. Net profit reached CFA3.4 billion, also higher than in the previous fiscal year, according to official figures presented on 19 November during the Vice-President’s working visit to SNH. Equatorial Guinea is one of four Central African markets where Tradex operates. The company is also active in Chad, the Central African Republic and, since recently, the Democratic Republic of Congo.
In Cameroon, Tradex operates a network of service stations across 32 cities and villages. Through this national and regional footprint, Tradex reports about 1,600 jobs across its subsidiaries and in Cameroon. As a state-owned company, Tradex positions itself as a national flagship in a sector long dominated by multinationals and continues to strengthen its presence in regional markets while diversifying its growth drivers.
This article was initially published in French by Brice R. Mbodiam
Adapted in English by Ange Jason Quenum
