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Globeleq to sell its about XAF83 bln receivables owed by ENEO

Globeleq to sell its about XAF83 bln receivables owed by ENEO (Business in Cameroon) - Through its local subsidiaries Kribi Power Development Corporation (KPDC) and Dibamba Power Development Corporation (DPDC), independent power producer Globeleq commissioned BGFIBank Cameroon to arrange the restructuring of the debt it is owed by electric utility ENEO. Estimated at XAF83 billion, this debt represents the unpaid energy bills accumulated by ENEO between 2015 and 2020. In 2020, ENEO promised to pay, within 48 months, its debt towards the power producer that supplies a significant portion of the distributed energy (in 2019, Globeleq supplied 17% of the power distributed by ENEO).   Globeleq is not intent on waiting for that deadline revealed by ENEO’s management. The power producer indicates that such an amount is essential for its operations. According to the figures published by Globeleq, the XAF83 billion debt exceeds by about XAF20 billion both KPDC and DPDC’s cumulat

Cameroun : BGFIBank pour arranger la vente des actifs du groupe britannique-norvégien Globeleg

Cameroun : BGFIBank pour arranger la vente des actifs du groupe britannique-norvégien Globeleg
financialafrik.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialafrik.com Daily Mail and Mail on Sunday newspapers.

Cameroon preselects additional operators for aquaculture investment projects

Cameroon preselects additional operators for aquaculture investment projects (Business in Cameroon) - The Cameroonian Ministry of Livestock, Fisheries and Animal Industries (Minepia) recently published a supplementary list of 22 companies and economic interest groups as well as 19 individuals pre-selected to submit offers for investments in the country’s aquaculture sector. The initial call for expressions of interest in that regard was issued on July 15, 2020. The investors chosen at the end of the selection process will develop, as needed, the areas with high aquaculture potential in sea fronts, waterways, and reservoirs. The areas identified for these investments are the Dibamba river (Littoral region), the Nyong river in the Mbalmayo area (Center), the Sanaga river in the Monatélé area (Center), the Lagdo (North) and Lom Pangar (East) reservoirs as well as the seafronts located between Kribi and Campo (South), then between Limbe and Idenau (South-West).

Government of Cameroon to construct 2nd bridge over Dibamba River

Government of Cameroon to construct 2nd bridge over Dibamba River Government of Cameroon to construct 2nd bridge over Dibamba River Modified date: The government of Cameroon through the Ministry of Public Works is currently preparing a project for the construction of the 2nd bridge over the Dibamba River in the Central African country’s Littoral region. Even though the characteristics of the proposed infrastructure are still unknown, credible sources indicate that its construction will cost over US$ 108m. The funds will be provided by Standard Chartered Bank, a leading international bank with a 160-year history in the UK, focused on helping people and companies prosper across Europe, the Americas, Asia, Africa, and the Middle East.

Cameroon-Info Net:: Cameroun - Infrastructure: Un 2ème pont bientôt construit sur le fleuve Dibamba (Littoral)

Cameroon-Info Net:: Cameroun - Infrastructure: Un 2ème pont bientôt construit sur le fleuve Dibamba (Littoral)
cameroon-info.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cameroon-info.net Daily Mail and Mail on Sunday newspapers.

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