The oil giant TRADEX, a subsidiary of the Société Nationale des Hydrocarbures (SNH) of Cameroon, is expanding its activities in the Democratic Republic of Congo. With a share capital of 2.5 billion CFA francs, this new subsidiary aims to strengthen energy autonomy and stimulate the country’s economic emergence.
TRADEX RDC officially launched its activities on November 26, 2024 in Kinshasa, during a Constitutive General Assembly. With the appointment of its first directors and the appointment of Igor Emmanuel SOYA BISSAYA as Chairman of the Board of Directors, as well as Philippe ATTANC ATOMB BEKONDJ as Managing Director, TRADEX RDC marks a significant step in its establishment in sub-Saharan Africa. A public limited company with a Board of Directors, TRADEX RDC is positioning itself as a key player in the downstream oil sector in the Democratic Republic of Congo. Its activities will cover a broad spectrum: the distribution of petroleum products via a network of service stations, the supply of domestic gas, the refueling of aircraft with Jet Al fuel, as well as the supply of hydrocarbons for ships and platforms operating in Congolese waters.
TRADEX, which has so far been established in four member countries of the Economic and Monetary Community of Central Africa (CEMAC) – Cameroon, Chad, Central African Republic and Equatorial Guinea – is opening up to a market in the Southern African Development Community (SADC) with this first subsidiary in the DRC. This strategic expansion also strengthens its presence in the geographical area of the Economic Community of Central African States (ECCAS). For TRADEX, this opening in the DRC is part of its vision of becoming a leading regional player in sub-Saharan Africa. Indeed, the company intends to strengthen its leadership through its expertise in energy distribution and its commitment to job creation and environmental protection.
In his speech, Igor Emmanuel SOYA BISSAYA recalled the importance of this new step for TRADEX: “This day is a milestone. 25 years after its creation, TRADEX continues to represent a major asset for the energy autonomy of its host countries.” In the DRC, the energy potential is immense, but the challenges remain just as significant. TRADEX aims to meet local needs by providing quality products and services, while promoting innovation and actively participating in the fight against poverty and environmental degradation.
Founded in 1999 by SNH of Cameroon, TRADEX has established itself as one of the leading oil operators in Central Africa. With more than 1,600 jobs created since its entry into oil distribution in 2006 and a network of more than 100 service stations, the company has diversified its activities. It excels in particular in the distribution of petroleum products, trading, aircraft refueling and the supply of oil platforms with bunker hydrocarbons. With TRADEX DRC, the group reaffirms its ambition to play a structuring role in the energy development of the African continent, thus contributing to strengthening the energy independence and economic development of the nations where it is present.
Under the leadership of an experienced Board of Directors, TRADEX DRC benefits from the support of qualified individuals, including Emmanuel Patrick MVONDO, Awoua SOULEMANOU and Nadine Frida KENMEGNE. This governance is a guarantee of success to ensure the implementation of the ambitious projects of this new subsidiary in the DRC. With this establishment, TRADEX continues its commitment to support Africa in its economic and energy development. The DRC, rich in natural resources and strategic for the region, now benefits from a strong partner to meet its energy challenges.
