Investments

A new landmark Project for the National Social Insurance Fund (NSIF)

With the project of developing a shared mineral terminal at the deep-sea Port of Kribi-designed at enhancing operational efficiency and facilitating mineral exports- the Cameroon's Social Security Institution, alongside the relevant operators, signed a Memorandum of Understanding (MoU) on Tuesday, the 4^th of November 2025.

The Cameroon's National Development Strategy, in compliance with the Structural Transformation and Inclusive Development has reached an important milestone. As a point of fact, a strategic partnership-aiming at defining the technical, legal and financial structure of the project- has been signed between the NSIF, the Port Authority of Kribi (PAK) and the BESTWAY FINANCE LTD/AUSTSINO RESOURCES GROUP LTD Consortium, as well as the company G-STONES. According to the Director General (DG) of the NSIF, ‘relating to the wish of the President of the Republic, the Institution is driven with the need of contributing to the construction of a major infrastructure intended to facilitate the extraction of mineral resources (mining) in our country. This will partly benefit our economy and on the other hand, create thousands of jobs and improve the coverage rate of the social security scheme.’

A vision shared by the other signatories of the MoU. ‘Bringing together all these operators around the port of Kribi, was crucial. As for the questions when and how? We are now ready to work,’ said the General Manager of the Port Authority of Kribi. The Chief Executive Officer (CEO) of Bestway Finance confirmed that operations are imminent: ‘We are in the final preparatory stages before the actual launch of our production, scheduled for December 2025’.

A lever for sustainable growth

Beyond its infrastructure, this mineral terminal is part of a strategy aimed not only at job creation but also at strengthening national logistics and ensuring economic sustainability. This reflects the NSIF’s dedication to diversifying investments in high-potential sectors to strengthen its financial reserves, without compromising its primary mission of social protection.

It is now essential for stakeholders to unite their efforts to realise this strategic logistics hub serving the extractive industries and global trade. This is all the more important given that it will permanently transform the southern coastline of the country and ‘seal Cameroon's real development for decades to come’, according to the NSIF's Top Manager.