Romy Castel opposes the sale of Somdia's shares in Sosucam amid restructuring plans

Romy Castel has publicly opposed the sale of Somdia's shares in Sosucam, a major sugar producer in Cameroon. This disagreement arises as Somdia and its parent company, DF Holding, attempt to align with the broader vision and governance of the Castel Group. Castel has also promised a revival plan to sustain the operations of Sosucam amidst these tensions.

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Cameroun : un consortium local reprend la Sosucam après le retrait de Somdia

Le consortium local, comprenant des figures comme Joseph Pagop Noupoué, a acquis la Sosucam, la principale sucrerie du Cameroun, après le retrait de Somdia, une filiale du groupe Castel. Cette transaction marque un tournant dans le secteur sucrier camerounais, avec des investissements annoncés de 210 millions d'euros pour moderniser l'usine et relancer la production.

Government Blocks Local Consortium's Acquisition of Sosucam

The Cameroonian government has halted the acquisition of a majority stake in the Société Sucrière du Cameroun (Sosucam) by a local consortium led by Joseph Pagop Noupoué. This decision, aimed at preserving national sovereignty, has raised concerns about the future of private initiatives in the country.

SOSUCAM to Continue Production Amid Somdia's Share Sale Plans

The Société Sucrière du Cameroun (SOSUCAM) will maintain its production despite Somdia's intention to sell its 82% stake. This decision follows a meeting led by Prime Minister Joseph Dion Ngute, emphasizing the need for careful transition management. Minister of Commerce Luc Magloire Mbarga Atangana warned against hasty actions regarding the sugar market.

SOCADEL adopts a 630 billion FCFA budget for electricity revitalization in Cameroon

On May 28, 2026, the Société Camerounaise d'Electricité (SOCADEL) held its first Board of Directors meeting in Yaoundé, where it approved a substantial budget of 630 billion FCFA. This budget includes 375 billion FCFA dedicated to revitalizing the electricity sector and marks the initiation of a comprehensive restructuring plan. The meeting was presided over by Antoine Ntsimi.