LE BRIEF

Cameroon: presidency approves Socadel as buyer of Globeleq stakes

LE BRIEF • 2026-11-09

The proposed transaction concerns the Kribi and Dibamba power plants. Socadel’s arrears to their operating companies are among the financial issues in the negotiations.

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Cameroon’s presidency has approved the choice of Socadel to acquire Globeleq’s stakes in the Kribi and Dibamba power plants, according to Africa Intelligence. The decision opens a new stage in the potential ownership reshaping of two important electricity supply assets. The approval was reportedly validated by Ferdinand Ngoh Ngoh, secretary-general of the presidency. It concerns the selection of a buyer and does not by itself establish that a final sale has been completed. Financing, contractual terms and necessary approvals remain critical to any such transaction. Two power plants and a question of receivables Kribi is gas-fired, while Dibamba is a thermal generation facility. Their role in the electricity system gives the transaction significance beyond a change of shareholder: operating continuity and investment capacity must be protected. Socadel also hopes to secure cancellation of arrears owed to the companies operating the plants. Treatment of those receivables could influence the stakes’ valuation and the agreement’s financial balance. A request for debt cancellation does not mean the debts have actually been waived. Protecting operations and investment Any acquisition must reconcile the interests of the seller, buyer, lenders and generating companies. Payment arrangements, maintenance commitments and future financing needs will determine the strength of the new owner...