Cameroon gov’t regains control of country’s electricity sector

By Noela E. BISONG & Doh J. Sonkey The government of Cameroon has regained control over the management of its electricity sector, The Energy of Cameroon, ENEO. In an official statement signed by the Minister of Finance, Louis Paul Motaze and his counterpart of Water and Energy, Eloundou Essomba Gaston, they inform that, Cameroon has acquired 51% of the Share Capital of ENEO which was under British Company, ACTIS. The Sale and Purchase Agreement signed by the two ministers is said to mark the beginning of a new chapter, including one of ambitions, responsibility and challenges for the electricity company.…