Outlook is bleak for struggling Sogea-Satom subsidiary
Without fresh work, Sogea-Satom's subsidiary in Cameroon ended last year in difficulty as it began carrying out yet another workforce reduction plan in October. Prospects for 2022 are poor.
As Denis Sassou NGuesso seeks a fourth term as president, Aksa Enerji, a firm owned by a Turkish oligarch close to Ankara's ruling party, is speeding up its plans to increase electricity supply to Pointe-Noire, a city that has traditionally been hostile to the Congolese leader.
The subsidiary of the construction company Vinci, which was the only French firm to have responded to a tender call for several roadworks contracts in the greater Abidjan area, has more than held its own against rival Chinese giants who were also in the running.
At a time when many African capitals are constructing new airports to ease congestion around urban centres, such projects are giving rise to intense rivalry between new and established powers on the continent, all against a backdrop of growing sub-regional [.
Underpinned by Eximbank, its formidable financial spearhead, China is increasingly making its presence felt in west and central Africa, a region where France already has extensive business interests. Beijing is now expanding beyond the ‘captive' energy and raw material markets [.