(Business in Cameroon) - Former (which will soon change names) Managing Director of AES Sonel, Cameroon’s electricity provider, Jean David Bilé (photo) has accepted the British investment firm, Actis’ proposal to head the Cameroonian holding company (which will be called Cameroon Power Holding and not Actis Holding Cameroon as initially planned). Currently being developed, the company will manage the British private equity firm’s interests in the country.
According to our sources, from his offices in the business centre of Bonanjo in Douala, Cameroon’s economic capital, the Central African engineer, who spent 36 years at AES Sonel and steered the electricity company for ten years will now be officially heading Actis in Cameroon.
A reliable source has indicated that, in his new post, Jean David Bilé will supervise all activities and strategic options for the companies in which Actis has interests in the country.
The main company concerned is AES Sonel which is directed by Cameroonian Joël Nana Kontchou, who has announced a 170 billion FCFA investment plan for the 2014-2018 period. KPDC and DPDC are also two companies that respectively manage the Kribi natural has plant and the Dibamba oil plant.