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South African investors eye Cameroon’s energy sector

Zanele Makina, South African High Commissioner to Cameroon (c) All rights reserved

Zanele Makina, South African High Commissioner to Cameroon has said investors from her country are interested in Cameroon’s energy sector, particularly the production and transport components.

The diplomat made the remark over the weekend in Yaounde, shortly after an audience granter her by Basile Atangana Kouna, minister of water resources and energy.  According to the High Commissioner, South Africa will be partnering with a major Indian company, to boost electricity production as well as transportation through grid in the country.
Makina said the investment which will extend to electricity regulation and capacity building is intended to strengthen economic relationship between South Africa and Cameroon. She noted that the energy sector is well established in her home country with electricity having reached almost all rural communities and said South Africa is a front driver in renewable energy in the continent and will equally be bringing such experience to Cameroon.

For his part, Minister Atangana Kouna said he was very satisfied because funds for the project were already available. “We engaged a reform in the electricity sector since 2011 on the instructions of the Head of State. From time to time, foreign investors want to come and work with Cameroon and it is in this light that I have been receiving many delegations,” the Minister disclosed. It was equally disclosed that the ministry of water resources and energy has already started working with South African investors in the bid to identify and elaborate particular segments that will be considered for the investment.

It should be recalled South Africa is well advanced in petroleum, natural gas, electricity, coal, nuclear, renewable and alternative fuels as sources of energy.

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