logoBC
Yaoundé - 04 August 2020 -
Medias

Cameroonian native Jean Pierre Amougou Belinga buys Pan-African TV channel Telesud

Cameroonian native Jean Pierre Amougou Belinga buys Pan-African TV channel Telesud
  • Comments   -   Wednesday, 12 February 2020 10:59

(Business in Cameroon) - Cameroonian native Jean Pierre Amougou Belinga, promoter of L'Anecdote Group has just acquired the pan-African television channel Telesud, whose studios are located in the building at 14, rue de Cognacq Jay in the 7th district of Paris, France.

According to a press release signed by Amougou Belinga and the law firm Cahn Wilson, this acquisition was concluded after a hearing held on  February 11, 2020, at the Paris court. Vision 4 Télévision SA, part of  L'Anecdote Group, is thus taking over the assets and rights of the pan-African TV channel Telesud.

As a result, President Jean Pierre Amougou Belinga today appointed Mr. André Agid as CEO with the mission to relaunch the channel's activity as soon as possible. Telesud's ambition is to be a continuous thematic news channel of pan-African and international reference,” the release read.

Let’s note that the cost of the transaction has not been disclosed.

TeleSud, owned by the Bongo family in Gabon till the current purchase, had been in liquidation for several months. The pan-African media (created in 1998) was accused, according to some sources, of owing nearly €4 million (XAF2.6 billion) of unpaid debts to the Gabonese state. TeleSud, which broadcasts to 116 million French-speaking people in 31 countries via African satellite networks, had until November 6, 2019, to restore its financial position before the Paris commercial court ordered its liquidation.

Sylvain Andzongo

cameroon-cocoa-prices-drop-below-xaf1-000-for-the-first-time-since-q1-2019
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...
cameroon-exported-about-158-000-tons-of-lng-in-jan-may-2020-the-snh-informs
From January 1 to May 31, 2020, Cameroon shipped seven loads of liquefied natural gas, according to the National Hydrocarbons Corporation (SNH)....
coleps-2nd-phase-delayed-by-covid-19-health-crisis-not-by-a-misunderstanding-of-internal-procedures-korean-embassy-reveals
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,...
compulsory-taxpayer-identification-number-cameroon-extends-deadline-by-an-additional-4-months
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 »