ENEO Cameroon

ENEO Cameroon S.A is a subsidiary of the British investment group Actis and concessionaire for the production, distribution and marketing of electricity in Cameroon. It is also responsible for consumer billing, maintenance and repair of electricity distribution networks. The company is financed with the electricity bills paid by consumers, and this subject to the regulations of CRE (Commission de régulation de l'électricité).

History

The company was created on May 18, 1974, under the name Société Nationale d’Electricité du Cameroun (SONEL). It absorbed POWERCAM the following year (in 1975). It was privatized in 2001, with AES Sirocco Limited, a subsidiary of the US company AES Corporation, acquiring 51% of the capital. The Cameroonian government retained 44%, and employees held 5%. The company became AES Sonel.

In May 2014, the British investment fund Actis acquired 56% of the capital, with the government holding 44%. It was renamed Enéo Cameroon SA on September 12, 2014. In 2018, Actis stake was reported as 51%, with employee shareholders holding 5% of the capital.

In 2025, the Cameroonian government bought back Actis's 51% stake in the company.

Activities

The main activities od the company is the distribution and marketing of electricity in Cameroon. It is bound by a concession agreement with the State of Cameroon.