Sonara: State raises its stake to 98%, while TotalEnergies’ falls to 0.42%

The Cameroonian state now directly holds 98.09% of the National Refining Company (Sonara), up from 81.95%, while TotalEnergies Marketing Afrique’s stake has fallen from 4% to 0.42%, despite its share count remaining unchanged. The new ownership structure was set out in a notarized notice dated October 14, 2026, in Limbe, following recapitalization operations approved on June 17. Of Sonara’s 3,216,058 shares, the state holds 3,154,660 and TotalEnergies Marketing Afrique retains 13,592. Stakes held by SNH, CSPH and SNI also declined, leaving the four shareholders other than the state with a combined 1.91% of the capital.