Cameroon: The takeover of Eneo, further proof of the patriotic commitment of Paul BIYA to economic sovereignty
In a significant move towards economic sovereignty, the Camerounian state has officially acquired the shares held by British fund Actis in Eneo, the country’s main electricity distribution company. This decision, enacted under   the vision of Paul Biya, transcends a mere financial transaction; it is a definitive step in a long-term strategy to bring strategic development levers under national control.
This acquisition is not an isolated event. It represents a cornerstone in the patient construction of national economic sovereignty a central pillar of President Biya’s philosophy.
The government asserts that controlling key sectors like energy is a prerequisite for true independence and self-determined progress.
The move is framed as a patriotic policy to ensure that the benefits of national infrastructure primarily serve the Camerounian people, rather than transient foreign interests.
The buyback sends an unequivocal signal to international markets: Cameroon is decisively taking charge of its economic destiny.
This follows similar state interventions in other sectors, demonstrating a consistent and determined application of a core principle: priority must be given to the state and national investors in managing the commons.
By regaining full control of Eneo, the state is not just managing a company; it is securing a vital part of its national security and industrial future.
This decision is portrayed as a courageous act, placing the long-term superior interest of the nation above immediate profit logic, and solidifying a legacy of a Cameroon in command of its own destiny.
Gilbert FOTSO
