Yaoundé - 26 January 2021 -



KGAL New Frontiers acquires stake in SunErgy, a Norwegian company aiming for the Cameroonian market  

KGAL New Frontiers acquires stake in SunErgy, a Norwegian company aiming for the Cameroonian market  
  • Comments   -   Monday, 15 April 2019 15:47

(Business in Cameroon) - Private Equity Fund KGAL New Frontiers, founded in 2018 by German KGAL, acquired 22% stake in SunErgy, a Norwegian company specialized in off-grid power supply to emerging countries.

The transaction amount is yet to be disclosed but monies will foster SunErgy’s expansion to Cameroon where the company sees an opportunity to grow in the next 8 years, with the possibility of making the country a hub.

The coming of SunErgy into Cameroon will help limit the power blackout still facing the country. Off-grid interconnected distribution services are already present in Cameroon, particularly in Douala, through companies which are partners to Gaz du Cameroun.

SunErgy plans to build 8 solar plants this year with the aim of reaching 20,000 people. Back in May 2012, this Norwegian firm had already signed a MoU with Cameroon to connect ninety-two villages with solar power. The project covers about 115,000 households, or 600,000 people.  

A good opportunity for SunErgy will be to supply power to telecommunications tower managers. The latter often operate facilities located in remote places where even the supply of fuel for generators can be complicated. It can also supply health facilities as well as other small organizations.

Idriss Lhinge

Minister of Communication René Emmanuel Sadi recently published a list of 155 companies authorized to carry out advertising consulting and...
Gervais Bolenga (general manager of Cameroon water utilities corporation-Camwater) announces that he recently issued a national call for tenders...
The Cameroonian Ministry of Public Works (Mintp) informs that today January 26, 2021, it will proceed to the provisional acceptance of 150 kilometers of...
In 2020, Cameroon’s local production covered just 24.3% of its rice demand, according to figures published by the Ministry of Agriculture  (MINADER)....

Mags frontpage

Business in Cameroon n94: December 2020

The rise of Cameroon’s automotive industry

The «Made in Cameroon» war

Investir au Cameroun n104 Décembre 2020

L’émergence d’une industrie automobile camer

La bataille du « Made in Cameroon »