Yaoundé - 04 August 2020 -

Cameroon: Eneo announces XAF47.3bln investments in 2019, up 30% from 2018

Cameroon: Eneo announces XAF47.3bln investments in 2019, up 30% from 2018
  • Comments   -   Tuesday, 12 February 2019 13:42

(Business in Cameroon) - Cameroon’s power utility Eneo plans to invest up to XAF47.3 billion during 2019. The amount is up 30% compared to 2018, MD Joël Nana Kontchou announced.

“More than 50% of this resource, precisely XAF26.2 billion will be used for the renewal, reinforcement, securing and extension of electricity distribution networks,” Mr. Nana Kontchou said February 7 in Douala during the implementation of Eneo’s partnership agreement with Cameroon Housing Company -SIC- regarding the modernization and securing of electric facilities in SIC housings.

“We are currently working to increase by more than 30 years the life of the Songloulou hydro dam. We are also diversifying production sources by introducing solar energy into the energy mix. Following the successful test phase at Djoum, in the southern region, we will now switch all our isolated plants to hybrid plants,” added Joël Nana Kontchou, revealing other Eneo investment priorites.

Brice R. Mbodiam

Since late July 2020, the average coca prices per kilogram in production areas in Cameroon has dropped below XAF1,000. According to système d’information...
From January 1 to May 31, 2020, Cameroon shipped seven loads of liquefied natural gas, according to the National Hydrocarbons Corporation (SNH)....
On July 23, the Korean embassy in Cameroon reacted to the information provided by the Ministry of Economy, and relayed by Business in Cameroon on July 17,...
The Minister of Finance has once again extended the deadline for individuals and companies to get a Taxpayer Identification Number (TIN). This deadline...

Mags frontpage

Business in Cameroon n90: June 2020

Top 100 economic actors in Cameroon

Colonel Roger Kuitche: “Military strategy is an important tool that will beneft businesses and public administrations”

Investir au Cameroun n100 Juillet-Août 2020

Le Top 100 des acteurs économiques du Camerouns

Colonel Roger Kuitche : « la stratégie militaire appliquée aux entreprises et aux administrations est un outil à exploiter »