Energy
Nachtigal Dam: CCN changes project manager, one year after HRD was fired
The Cameroonian company CCN, the main subcontractor of the Nachtigal Hydro Power Company (Nhpc) project, announced in a May 21 note that it has changed...
Cameroon joins the Budapest Convention on Cybercrime
International air traffic drops by 62% in Cameroon, due to Covid-19
Over 2 million people need food assistance in Cameroon (OCHA)
The Port of Kribi plans to build an 80 MW thermal power plant
The Port Authority of Kribi (PAK) announced the upcoming construction of a thermal power plant (80 MW) to supply the port platform. Patrice Melom, MD-PAK...
Cameroon to import 510,000 tons of oil products in Q3 2022, up 23.5% YoY
Cameroon plans to buy 510,000 metric tons of oil products on the international market over the next quarter. Gaston Eloundou Essomba, the Minister of...
French banker Société Générale goes solar in Cameroon
Au Cameroun, le banquier français Société Générale se met au solaire pour préserver l’environnement The local branch of the French banking group Société...
Cameroon ordered 247,000 m3 of fuel for April, already received 189,000 m3
To meet its local needs for April 2022, the Cameroonian government has ordered 247,000 m3 of fuel, the Ministry of Water and Energy (Minee) informs. Of...
Govt to build two mini-hydro plants in the Northwest
The municipality of Widikum, in the Northwest, will soon launch a project to build two mini hydroelectric power stations. The information was made public...
Gaz du Cameroun ordered to pay CFA7.4bln to shareholder RSM Corporation, hits financial difficulties
Oil and gas company Gaz du Cameroun (GDC), which operates a gas field in Logbaba, Douala, was ordered to pay a total of $12.1 million (CFA7.4...
Cameroon seeks CFA98bln to build an electric line between Nachtigal and Bafoussam
The project to transport electricity from the future Nachtigal hydroelectric power station (420 MW), in the Central region of Cameroon, to the West has...
Fuel: Maintaining pump prices could cost govt CFA672 billion in 2022
Maintaining the fuel pump prices with subsidies is expected to cost the Cameroonian government CFA672 billion this year. The information was reported this...
Eneo plans the construction of four solar power plants in 2022
Cameroon’s power utility Eneo announced the construction of four PV power stations this year. In a recent interview with Défis Actuels, the now-former CEO...
Govt to develop 120 MW solar energy project in the northern region
The Cameroonian Minister of Water and Energy, Gaston Eloundou Essomba, announced last week the upcoming construction of solar power plants in the northern...
Cameroon seeks XAF874 bln for Full Electrification Coverage by 2030
The Minister of Water and Energy (Minee), Gaston Eloundou Essomba, recently published a call for expression of interest for consultants who will assist...
Electricity: Cameroon instructs industrial rationing again
The Minister of Water and Energy Gaston Eloundou Essomba (photo), on March 8, 2022, sent a letter to electric utility ENEO instructing the rationing of...
Prometal launches a XAF12 bln domestic gas cylinder manufacturing plant in Douala
Prometal, leader of the Central African steel market, launched the construction of its fifth plant in Douala, in November 2021. The plant is specifically...
Cameroon: Africa Cylinder Company Sarl to build a XAF4 bln gas cylinder plant in Douala
Cameroon’s Investment Promotion Agency (API) recently signed an agreement with local company Africa Cylinder Company Sarl, granting it incentives provided...
Cameroon: ENEO announces resumption of targeted blackouts in the Northern regions
Electric utility ENEO Cameroon announced the resumption of targeted blackouts in the Northern regions (Adamaoua, the North, and the Far-North). According...
The IsDB loans XAF55 bln to Cameroon for oil products’ purchases
La Banque islamique prête 55 milliards de FCFA au Cameroun pour l’importation des produits pétroliers - Investir au Cameroun Minister of Economy Alamine...
Cameroon: Only domestic gas and kerosene were subsidized in 2020 (CTR)
In 2020, the National Hydrocarbons Prices Stabilization Fund (CSPH) disbursed a XAF1,524 subsidy per tank of domestic gas used in Cameroon. According...
Norway’s Borr announces closure of its Cameroonian subsidiary
In a legal announcement published today, January 31, Norwegian oil company Borr Jack-Up XIV announced it is closing its Douala-based subsidiary. The...
Electricity: EDC is affected by unpaid water rights, the CTR estimates
The stock of receivables the Electricity Development Corporation (EDC) was claiming from partner companies increased by almost 25% year-on-year in 2020....
Cameroon: Victoria Oil & Gas secures 2nd extension of the Matanda exploration license
British gas producer and distributor Victoria Oil & Gas (VOG), parent company of Gaz du Cameroun (GDC), announced last December 23, it has secured a...
Domestic gas: Bipaga gas depot helped Cameroon save XAF25 bln+ in 2018-2020
Cameroon saved US$44 million (about XAF25.48 billion at the current XAF579.19 per dollar rate) between 2018 and 2020 thanks to the Bipaga gas depot, the...
IsDB to loan XAF55 bln to Cameroon for oil products’ purchases
On December 29, a Presidential decree authorized the Minister of Economy Alamine Ousmane Mey to sign an €83.5 million (XAF55 billion) Murabaha...
Cameroon: Nachtigal Dam was 51.7% completed in late Nov 2021, Minister of Energy estimates
The Nachtigal hydroelectric project (420 MW) was 51.7% completed as of end-November 2021. The estimate was presented by the Minister of Water and Energy...
Electricity: Cameroon commits to paying XAF182 bln debt to ENEO within two months
Cameroon has initiated the payment of XAF182 billion owed to electric utility ENEO, Business in Cameroon learned from several official sources. According...
Electricity: Cameroon receives XAF178 bln investment for its power interconnection to Chad
Last December 15, Cameroon and the World Bank concluded a XAF178 billion funding agreement for the interconnection of Chadian and Cameroonian electricity...
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