Actis

Cameroon
State seals deal with Actis to acquire stakes in Eneo

The British investment fund will sign the deed of sale, on 19 November in Yaoundé, to set in motion a €119m deal for the nationalisation of the electricity operator.

Cameroon
Aging network causes distribution back-up at Nachtigal dam

The partial distribution of electricity produced by the Nachtigal power station and delays in network modernisation are putting the state under financial pressure. Backers and investors are watching the state of hydroelectric projects with concern.

Cameroon
British fund Actis struggles to finalise sale of energy firm Eneo

Ready to sell its shares in Eneo, Actis has seen the transaction put on hold due to several issues over payment terms, guarantees and transition management. Faced with these hurdles, the World Bank is pressing Yaoundé to speed up the process, in what is an already strained financial context.

The New Guard
Sudan, Cameroon, Morocco

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

SudanMohanad Orabi, the other youth voice for peace

CameroonAurélie Chazai, the lawyer who's a link between the state and business community

MoroccoNajwa Awane, new flag bearer for parasports

Cameroon
Cameroon orders audit of Eneo as Actis digs in over sale price

Finance Minister Louis-Paul Motaze is struggling to reach an agreement with the British investment fund over the value of electricity operator Eneo. With Actis seeking more than 100 billion CFA francs, Yaoundé is set to assess the state of the network.

Cameroon
New round of talks on nationalising electricity operator Eneo

A delegation from the Ministry of Finance is in Paris to negotiate the sale of the Actis fund's stake in Eneo.

The New Guard
Botswana, Somalia, Benin

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

BotswanaFund manager Bame Pule, a discreet adviser to president Masisi

SomaliaBarkhad Kaariye, speaking on behalf of Somaliland

BeninLéonce Hamza Houngbadji, founder of Africa Solutions Week

Cameroon
Eneo ups pressure on state companies to pay debts

Cameroonian electricity operator Eneo has launched a campaign reminding state-owned utility companies to settle their unpaid bills or risk having their power cut off.

Cameroon
British energy company Globeleq settles tax bill

The British operator has been forced to pay more than $20m after failing to pay the tax authorities their due on a series of transactions involving the Kribi and Kibamba power plants.

Cameroon
Douala and Yaoundé remain gold mines for France's big retailers

Despite the economic slowdown caused by Covid-19, France's big retailers have not given up on their expansion plans in Cameroon, whose market is estimated to be worth €8bn per year.

Cameroon
Actis's electricity supplier Eneo negotiates second round of debt settlement

Eneo, Cameroon's top electricity supplier, is in talks with the government over payment of a second tranche of arrears owed it by the state.

East Africa
Former Erik Prince advisor Omri Cohen turns to base camp business

Formerly East Africa adviser to private security magnate Erik Prince, Omri Cohen now heads TNL Africa, a little known group which is establishing itself as one of the leading base camp operators in the region.

Cameroon
Globeleq appeals fiscal authority's claim for back tax

Le producteur britannique d'électricité Globeleq Africa, qui opère depuis 2014 la centrale au gaz de Kribi et celle au fuel lourd de Dibamba, a maille à partir avec le fisc camerounais.

Ivory Coast
Who will build Yeshi's mega mall in Cocody?

France's Groupe Duval and the British private equity firm Actis are competing for Ivorian-Lebanese entrepreneur Abdul Hussein Beydoun's $300m-project in Cocody.

Cameroon
Eric Mansuy contends with power cuts

Two days after his appointment as boss of Eneo, the [...]

Spotlight | Cameroon
Globeleq keen to keep earning from Kribi and Dibamba power plants

The recent restructuring of Cameroon's electricity sector has led to talks between British producer Globeleq and local counterparts.