Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The Nigerian MBH chooses to renovate the electricity networks in Douala and Yaoundé at a cost of 10 billion FCFA
(Business in Cameroon) - The Nigerian company MBH Power Limited is the winner of the electricity network construction contract in Douala and Yaoundé, according to the award notice just published by the general manager of the National Transport Company electricity (Sonatrel), Mbemi Nyaknga. Concretely, the company is responsible for the design, supply and assembly of high voltage substations around Yaoundé and Douala over a period of 12 months at a cost of 9.9 billion FCFA excluding VAT.
In Douala, this project, which is supported by the World Bank, will strengthen and stabilize the electricity transmission system by creating a 225 KV and 90 KV loop around the said city, according to Sonatrel. This will secure the electricity supply, avoid voltage drops and reduce dependence on more expensive thermal electricity production.
Roughly similar effects are expected in Yaoundé and its surroundings. Here, it will be a question of reinforcing the service through the creation of an Edéa-Nkolnkoumou and Nkolnkoumou-Nyom 2 interconnection link by a double line of 400 KV and the construction of a 225 KV and 90 KV loop around the city of Yaounde. This is to ensure a good distribution of the electricity supply, to avoid voltage drops...
According to the concessionaire Eneo, the discontinuity of electricity service to subscribers in Cameroon is accentuated by the dilapidated state of the transmission and distribution networks which cause losses of around 40% of the energy produced. A trend that Sonatrel intends to reverse.
https://www.investiraucameroun.com/energie/2001-17401-le-nigerian-mbh-choisit-pour-renover-les-reseaux-electriques-a-douala-et-yaounde-pour-un-cout-de-10-milliards-de-fcfa
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Monday, 20 December 2021 Repost
Electricity: Cameroon commits to paying XAF182 bln debt to ENEO within two months
(Business in Cameroon) - Cameroon has initiated the payment of XAF182 billion owed to electric utility ENEO, Business in Cameroon learned from several official sources. According to the sources, the envelope will be paid within two months (December 2021-January 2022). Ultimately, several stakeholders of the electricity sector will benefit from those payments.
For the government, with the upcoming AFCON2021 to be hosted in the country in January-February 2022, it has become crucial to address the financial problems facing the electricity sector. Hence the huge effort made by the government at a time when the public treasury is much stressed.
The XAF70 billion was planned to be raised through two bill issuances (13 and 26-weeks to raise XAF50 billion) and 2-year bond issuance to raise XAF20 billion. The operations were effectively organized on December 15 but the bank of Central African States (BEAC) is yet to publish the result of those operations.
Another bond issuance operation is planned for January 2022 to raise XAF48 billion to pay part of the debt to ENEO. Also, a debt offsetting mechanism is in place between the state (the national hydrocarbon coportaion), Eneo, and KPDC (Kribi Power Development Company) over a XAF25 billion debt.
In the coming days, the government will pay XAF39 billion representing the debt it was owing ENEO as of late 2020, according to authorized sources. To raise that fund, the government proceeded to debt securitization. The securities were then transferred to ENEO, which sold them at a discount (ENEO will receive XAF39 billion for a little over XAF40 billion debt) to a pool of banks constituted of Afriland First Bank, Société générale, SCB Cameroun, Commercial Bank of Cameroon, Ecobank Cameroun and Union Bank of Cameroon.
Ripple effects
more....... https://www.businessincameroon.com/energy/2012-12170-electricity-cameroon-commits-to-paying-xaf182-bln-debt-to-eneo-within-two-months
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Bassa industrial zone: Government to build an electrical substation to anticipate growth in energy demand
Minister of Water and Energy Gaston Eloundou Essomba recently issued a call for expression of interest for the recruitment of a consultant who will carry out preliminary and detailed project studies and help plan tender calls for the construction of a 225/5 kV electrical substation in Bassa industrial zone, Douala. The planned electrical substation is aimed at anticipating future energy needs in the said zone.
Candidates interested in the consulting offer are expected to submit their applications by February 17, 2022.
https://www.businessincameroon.com/energy/0701-12192-bassa-industrial-zone-government-to-build-an-electrical-substation-to-anticipate-growth-in-energy-demand
Yes I never thought either will come good!
But hopefully on others
Rec1.. that's some wish list. Maybe better to cross kermekol and insurance claim off it though
Again more late trades from day before
Sorry just can't understand why/how this happens daily ?
Buy's or sells?
Let's go for multi bagger !
Like wise I don't expect to get out with out
Losses
I have swung from dead duck towards multi bagger and back, but I have some optimism that the board are moving in the right direction, but I have written of this as a loss.
The value in the ground is greater than the company so is ripe for takeover not sure that will get me back my losses though!
What ever it is hopefully we can get some News update soon
According to Jus Mundi the arbitration is still pending. It has to be confirmed by the ICC court and they may simply have a backlog or have asked for clarification . Jus Mundi would have changed the status but can't publish without agreement had it been handed down. That's as I understand it from their and the ICC websites.
Nestlé Cameroon wants to collect 300 tons of plastic waste in 2022, an increase of 50% compared to 2021
"After collecting and recycling 100 tons of plastic waste in 2020 and 200 tons in 2021, the goal for Nestlé in 2022 will be to collect and recycle 300 tons, in order to achieve plastic neutrality, with the help of its various partners," promises Robert Helou, the ceo of Nestlé Cameroon.
As a reminder, as part of its shared value creation program, the Nestlé Group has committed to making all its packaging recyclable or reusable by 2025, with a particular focus on the fight against plastic waste pollution. This commitment fits perfectly into the strategy of the Cameroonian government, which has, since 2012, launched a crusade against plastic packaging, whose harmful effects on the preservation of the environment are notable.
https://www.investiraucameroun.com/economie/1901-17392-nestle-cameroun-veut-collecter-300-tonnes-de-dechets-
plastiques-en-2022-soit-une-hausse-de-50-par-rapport-a-2021
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Cameroon: Brewing group SABC seeks incentives for phase 2 of the XAF90 bln investment plan
https://www.businessincameroon.com/agriculture/1701-12216-cameroon-brewing-group-sabc-seeks-incentives-for-phase-2-of-the-xaf90-bln-investment-plan
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Our Clients
https://www.gazducameroun.com/our-clients/
Again agree would much rather have a series of RNS over the next few weeks/months.
Most believe the arbitration is done and for what ever they are saying nothing ?due to deal/talks.
My take is we will get the first 3 in Q1.
Had crossed for seems like Year's!
Dunno! I was anticipate most of these being addressed in 2022 in one way or another . I am now working on every day with no RNS as a day nearer an RNS! prefer a more regular stream of these rather than in ' all in one' too. There's also reporting and updates to come that may shed light. Juist a case of patience and a degree of finger crossing. As said, each 'new item' can go from 'good to bad' rapidly!
Thanks agree more comprehensive list.
Just wonder what the time line is?.
Added a bit!
1, RSM arbitration
2, W/med
3, Lrg Power plant supply - ENEO and ASKA
4, Kermerkol
5, JV - Matanda and also the Etinde BLVN project
6, Insurance claim
7. Dangote - will he invest in Cam power
1, RSM arbitration
2, W/med
3, Lrg Power plant supply
4, Kermerkol
5, JV
6, Insurance claim
Some profit taking fully understand
Any who takes.lets hope we can hold on to 5+
£760 profit - hardly a fortune, 3CB.
Last April this was 30% of my holdings with likelihood of one of WestMed/Kermerkol/Eneo/Dangote happening, but as we all know, the big ticket items have yet to materialise,and so we ended up betting the bank on perhaps the unpredictable arbitration decision of some dodgy judge as to whether we remained a going concern; with loans going up and not enough cash coming in - risk just got too high for me. And then the much lower risk of TXP materialised with a massive Royston oil find that the market doesn't believe in. So I'd rather bet on TXPs management view being correct (in a big way - I sold up all my shareholdings but one, to add to TXP, which is near 85% of my portfolio now) than bet on Vog's 'unknown judge's opinion' - but this investment decision doesn't reflect badly on Vog's management; and Roy is the man to pull this around if anyone can. Expecting TXP's 'wall of cash' to come in over Summer and this should give me the cash to buy back here if still not much news and just ticking over.
Time will tell.
GL.
Funny old world. I admit I used to have a bit of a go at you and RF, especially RF, for perceived ramping. Ironic then that you have now exited, probably at a loss and at least 12 months after your deadline to make a fortune. Whereas despite all the trials and tribulations over the years, not to mention huge losses, I actually doubled my holding at around 2.5p, bringing my average down to a more manageable 20p.
I do see signs of green shoots now and still hope one day there will be a game changer announcement but I definitely won't be adding. Lol
High energy prices to stay for longer <><> 14 January 2022
That European gas inventories are currently at very low levels for the time of the year is well known by now. On top of that, Russian gas exports towards Europe almost came to a halt (see figure on the next page of exports via the Yamal pipeline). For extra gas imports, Europe is depending on either extra natural gas from Russia or – via LNG – from countries like the US, Australia or Qatar. On the 7th of January, Asian LNG prices were trading above the TTF prices again. The question is whether this will remain. If so, it will be interesting to see if the non-contracted LNG will continue to be shipped towards Europe, or whether the higher Asian prices would trigger another U-turn. It would mean that most of the non-contracted LNG would end up in Asia – mainly China – once more, adding more pressure to the already constrained European gas inventories.
https://www.abnamro.com/research/en/our-research/high-energy-prices-to-stay-for-longer
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For sure .
Like you say it's more likely to be local /Russian interest
Suspect the build up of troops on Ukraine border and then any ensuing sanctions may not appeal to any non russian buyers. That said, sure there is enough local demand you'd think.
Oil high/Gas high!
Surely someone must buy ?
Thanks, Rec. Here's a special:
https://www.grunge.com/736013/this-erupting-lake-in-cameroon-is-one-of-the-most-dangerous-places-in-the-world/
Hope to visit sometime (in Anglophone area). Featured in Devla Murphy's book 'Cameroon with Egbert'.
I can second that