Electricity: Globeleq’s receivables from former Eneo rise to CFAF 147 billion at end-2025

Globeleq’s receivables from Cameroon’s electricity distributor Eneo, renamed Socadel in May 2026, stood at $251.6 million, or about CFAF 146.9 billion, on December 31, 2025. They rose 37.9% in one year, an increase equivalent to CFAF 40.4 billion, according to Globeleq Africa Holdings’ 2025 annual report. The Kribi gas-fired power plant accounted for $201.4 million of the debt, while the Dibamba thermal plant accounted for $50.2 million. Of the total, $181.2 million, or about CFAF 105.8 billion, was more than 90 days overdue.