Anglophones cry foul over appointments as Eneo turns into SOCADEL becoming state-owned utility

More than two months after settling the FCFA 78 billion payment owed to British investment fund, Actis, for the acquisition of its 51% stake in Eneo, Cameroon’s president signed a decree on May 4, 2026 officially transforming the electricity utility into a state-owned company. The operation had raised the state’s stake in Eneo to 95%, with the remaining 5% initially reserved for employees before the company’s legal transition into the new entity. Under the decree, Eneo now becomes the Cameroon Electricity Company (SOCADEL), fully owned by the state. The text specifies that the company has legal personality and financial autonomy.…