(Business in Cameroon) – Cameroonian logistics and transport company Catramp, owned by businessman Justin Talom, is seeking CFA5 billion (€7.5 million) in financing from the International Finance Corporation (IFC), the World Bank Group’s private sector arm. The funding will help the company expand from its current bases in Douala and Kribi into Chad and the Central African Republic (CAR), while upgrading its facilities in Cameroon.
The project supports regional integration efforts as Chad and CAR lack modern warehousing infrastructure. It aims to increase category A storage capacity in Cameroon and neighboring markets, improving conditions for economic operators. The initiative is also expected to create jobs, promote local suppliers, and strengthen workforce training in the logistics sector.
The total investment is valued at €10.1 million, with €2.6 million contributed by shareholders. Justin Talom holds 85% of Catramp’s capital—15% through his holding T’s Corporation—while Jean Kuate owns the remaining 15%. The financing will also benefit from the International Development Association’s Private Sector Window, including a first-loss guarantee to mitigate financial risk.
Ahead of approval by the IFC Board on December 15, an environmental and social assessment was conducted, covering Catramp’s sites in Cameroon and partners such as Dino & Fils (wood processing). The company has committed to implementing a stakeholder engagement plan, including community mapping and a grievance mechanism to manage potential impacts and ensure transparency.
This project highlights the growing logistics potential along the Douala–Kribi corridors to Chad and CAR. Beyond expanding storage capacity, the objective is to strengthen supply chain reliability, reduce costs, and foster sustained private investment across Central Africa.
