By Ndumbe Bell Jospeh Gaston in Douala
The commercial estuary for the supply of fuels for aircrafts and ships, Tradex, has realised its very first heart-throbbing profits since its inception in 1999.
The trading institution for Societe Nationale des Hydrocarbures in Cameroon (National Hydrocarbons Company), netted a profit of FCFA 14.7billion and recorded 32 percent increase in turnover between 2019-2023 rising from FCFA 291.3 to FCFA 387.3 billion.
As to what is responsible for these rising fortunes, Tradex relates the growth to the diversification of its activities and looking at markets or commercial activities beyond Cameroon.
Earlier, the main earner was the supplying of fuels for aircrafts and ships but after their diversification strategy, said to have started in 2006, Tradex engaged in the distribution of refined petroleum products such as gasoline, diesel and kerosene.
Tradex also engaged in the domestic gas market and reinforced domestic supplies while consolidating its presence in regional markets such as in Chad, Central African Republic and recently in Equatorial Guinea in 2013.
Tradex had received an earlier moral booster when in 2022 the results of findings made by Jeune Afrique ranked them fourth (4th) best performing company in Cameroon and out of an overall 500 in the continent, they ranked 226 with an annual turnover of towards FCFA 350 billion.