This investment was made when British International Investment was named CDC Group.
Our investment
In 2014, CDC committed to investing up to $10.1 million in Eneo.
Our investment supports the expansion of the country’s power supply and increases its efficiency.
Expected impact
With a GDP per capita of $2,300, Cameroon ranks 186 out of 229 countries in the world and around 40 per cent of the population is below the poverty line. It has a total electrification rate of around 50 per cent, but this falls to less than 10 per cent in rural areas.
Reliable energy helps businesses to develop and grow, creates new and better jobs and improves the lives of millions of people. However, more than half of firms in Cameroon identify the lack of a reliable source of electricity as a major constraint to their business.
Our investment helps Eneo to improve its safety and operational efficiency, including upgrading its network.
It also helps to expand electrification rates across the country to support Cameroon’s future economic growth and drive job creation.
Actis and CDC also provide strategic and technical support to the business as it plans to add over 60,000 new customer connections each year.
Environmental and social aspects
We are also helping Eneo to develop its Environmental and Social Management System and supporting the company's work with the government and wider stakeholders in the safe management of PCB materials in Cameroon.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, Central Africa
- Countries:
- Cameroon
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Infrastructure
- Website:
- https://www.act.is/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Equity
- Start date
:
For direct investments, this is the date British International Investment committed capital to the business or project.
For funds, this is the date that British International Investment committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- June 2014
- Amount
:
For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that British International Investment has committed to the fund.
- $10.1m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Mauritius
