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Cameroon
Presidency approves buyer to acquire Globeleq's stakes

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2 min read Lire en français

Ferdinand Ngoh Ngoh has given Socadel the go-ahead to acquire the British independent electricity producer's stakes in the Kribi and Dibamba power plants. The power utility hopes the buyout will also lead to the cancellation of its arrears to Kribi Power Development Co and Dibamba Power Development Corp.

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