Patrice Melom, MD of the Port Authority of Kribi (PAK), announced the signing yesterday of an MoU with four companies for the development of an integrated industrial zone within the port area. The project, valued at $900 million (CFA550.3 billion) will be installed on 1,500 ha. According to PAK, the project is expected to create 50,000 direct jobs. Parties involved include Bolloré Africa Logistics of France, which is now owned by the Italian-Swiss company MSC since December 2022