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27 Mar 2024 Administrator's progress report
https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history/MzQxNTE2ODI0M2FkaXF6a2N4/document?format=pdf&download=0
Would help to know how many read this by tick on recommend button Thanks
19 Sep 2023
https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history/MzM5MzY0NjQ2OWFkaXF6a2N4/document?format=pdf&download=0
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Notice of extension of period of Administration
Feb 20-- 2025
https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history/MzQwNzkyODc4NWFkaXF6a2N4/document?format=pdf&download=0
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https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history
Our Campaign
This campaign is a call to action to protect GDC, a cornerstone of Cameroon's energy sector, from foreign legal challenges that risk its existence. By joining us and signing our petition, you are standing up for Cameroonian jobs, ensuring energy security, and defending our national sovereignty. We believe in a Cameroon where our resources are managed by and for Cameroonians, and your support is crucial in this fight.
https://www.savecameroonianjobs.com/about-us
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Petition https://www.savecameroonianjobs.com/
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Hundreds of Cameroonians employed by Gaz du Cameroun, GDC, are reported to be at risk of losing their jobs while clean energy supply to critical businesses and government structures might also be in jeopardy in the nearest future. The disturbing development follows plans by US Based RSM Production Corporation embarking a legal onslaught against Gaz du Cameroun known as GDC.
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https://assets-global.website-files.com/656f312e7bb2da8a68b73576/656f324e2b5ed040d42d7479_Screenshot%202023-12-05%20at%2014.23.07-p-1080.png
Cont,d
“Remember, this isn’t just about defending a company; it’s about safeguarding our nation’s economic stability and protecting the livelihoods of thousands. The actions of one individual in the US should not dictate the destiny of countless Cameroonians,” the platform beckons.
GDC, it should be said, provides alternative energy to Cameroonians for breweries and it is also helping to dilute the electricity deficiency in the country as it provides an alternate solution to high consumers to get electricity for their production.
The company has successfully operated within Cameroon since 2009 and has unlocked the country’s energy resources to supply the local economy in Cameroon with gas and electricity, whilst RSM has benefitted financially they intend to play no part in further development and seemingly are not concerned about the future of Cameroon or Cameroonians employed in a viable company.
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GDC primarily supplies major industrial customers, including GUINNESS, DANGOTE, SABC, CHOCOCAM, CICAM and CAMLAIT, among others.
In 2015, GDC signed an agreement with national power provider ENEO, to replace Heavy Fuel Oil (“HFO”) usage at power stations in the area, with a cleaner alternative: natural gas.
GDC has long-term gas supply contracts with customers who use gas for a variety of different applications. In early 2016, VOG added to its 20km exploitation license at Logbaba, with the assignment of 75 percent of the neighbouring 1,235 square kilometre exploration block, Matanda, increasing its footprint in Douala, Cameroon.
GDC has secured its position as a dominant gas supplier to industries in Douala. The company is focused on a “pure gas” sales model, delivering a consistent cleaner fuel source to a diverse range of markets and applications.
Fears are rife that Cameroon’s renewable energy strides, as well as thousands of lives, could be lost if the situation is not arrested.
If the feared scheme goes through, hundreds of Cameroonians risk losing their direct jobs, while thousands of others who are indirectly recruited through the activities of GDC will not also be spared. The move also threatens Cameroon’s clean energy supply to critical businesses and government structures.
By Andrew Nsoseka
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https://www.atlanticchronicles.com/saving-gaz-du-cameroun-cameroonians-launch-campaign-platform-to-defend-companys-existence-livelihoods/
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Think most holders have given up not many posting here
Saving Gaz du Cameroun: Cameroonians Launch Campaign, Platform To Defend Company’s Existence, Livelihoods
written by Atlantic Chronicles January 6, 2024
A platform, #SaveCameroonianJobs.com, has been launched to facilitate the campaign aimed at saving Gaz du Cameroun and the thousands of people whose livelihood depends on the company, either as direct employees, indirect employees, or service users.
The campaign themed, “Join the Movement: SaveCameroonianJobs Launches to Defend Our Livelihoods” is currently on course, and is urging all” to stand together against an external threat that endangers our livelihoods and our nation’s progress”.
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Those spearheading the campaign say hundreds of Cameroonians employed by Gaz du Cameroun, GDC, are at risk of losing their jobs while clean energy supply to critical businesses and government structures might also be in jeopardy in the near future.
It further notes that the disturbing development follows plans by US-based RSM Production Corporation embarking a legal onslaught against Gaz du Cameroun known as GDC, which threatens jobs and energy security in Cameroon.
SaveCameroonianJobs.com, a platform dedicated to the fight to protect Cameroonian jobs, interests, clean energy and sustainability of enterprises depending on the GDC, is now up and running. It is serving as a rallying ground for all forces dedicated to keeping GDC from being crumbled.
So far, the platform, among other things, contains detailed information about the threat posed by the legal actions of RSM Production Company and its potential impacts on GDC, employees, and community initiatives.
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It also indicates clear guidelines on how people can contribute to the cause, including signing petitions, participating in community forums, and spreading awareness; regular updates on the situation, including any legal developments, community impacts, and responses from both local and international bodies; testimonials from employees, community leaders, and citizens affected by this crisis, putting a human face to the statistics; materials to help advocate effectively, including social media kits, informational brochures, and contact lists for key stakeholders.
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Rallying Cry To Drum Up Collective Action
The leaders of the campaign are urging Cameroonians to rally together and make their voices heard in order to prevent the looming danger to Cameroonian workers, companies who depend on the GDC, as well as persons who depend on those companies too.
“Now, more than ever, your voice matters. Visit SaveCameroonianJobs.com, and join this vital campaign. Sign our petition to show your support, share your story if you’re directly affected, and use our resources to educate others and mobilize support.
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Cont,d
Business in Cameroon
The Cameroonian government has paid CFA 5.7 billion to the British independent power producer, Globeleq, urging the company to resume operations at its Kribi gas plants (216 MW) and Dibamba fuel plants (88 MW). Globeleq had previously closed these plants on October 31, 2023, in protest of unpaid bills from the electricity company Eneo, resulting in significant power outages. In response to the situation, the government has now settled a portion of the debt to "appease Globeleq."
Sources told us that the payments made for October 2023 constitute a portion of the monthly invoice totaling CFA8.2 billion, which Eneo owes Globeleq to access the energy generated by the Kribi and Dibamba plants.
"Globeleq thanks the government of Cameroon for addressing this concern head-on by initiating immediate payments and organizing emergency solutions to significantly reduce the outstanding payments accumulated by Eneo to KPDC and DPDC (the two companies that manage the Kribi and Dibamba plants),” Globeleq said in a November 6 note.
As a reminder, Globeleq has previously received CFA2 billion from Eneo for the October 2023 debt, which means it has thus received a total of CFA7.7 billion in debt settlement. However, the amount expected is CFA 8.2 billion.
Although the debt was not fully settled, the payment made should help alleviate the current power woes in the country following the shutdown of production in the Kribi and Dibamba plants. The halt in production in these two facilities, with a combined installed capacity of 304 MW, has led the Cameroonian government to implement rationing for businesses, prioritizing households.
However, according to information from Eneo, the significant production deficit caused by the shutdown of Globeleq's plants was such that households were not spared. For example, after the load shedding observed a few weeks ago, following incidents on the distribution and transport networks, and since the shutdown of Globeleq's power plants from the national grid, household supply suspensions have been intensified in the Southern Interconnected Network (RIS), which covers six of Cameroon's 10 regions.
In addition to the CFA5.7 billion paid to Globeleq, the government plans to disburse an extra CFA40 billion to settle debts claimed by Eneo from public entities, according to sources close to the matter. This should enable the electricity company to, in turn, settle its debt with its suppliers. Among these suppliers, Globeleq is still a priority, according to agreements made with the government.
https://www.businessincameroon.com/energy/1511-13526-cameroon-govt-pays-cfa5-7bn-to-appease-globeleq
Globeleq restarts its power plants in Cameroon, putting an end to a week of load shedding in households and businesses
(Invest in Cameroon) - Since November 6, 2023, the independent power producer Globeleq, which controls the Kribi (216 MW) and Dibamba (88 MW) power plants, has restarted production within these energy infrastructures. This has made it possible to put an end for the time being to the rationing of the supply of electricity to businesses and households, implemented since October 31, 2023 in the South Interconnected Network (RIN), which covers six of the 10 regions in Cameroon.
"For the past three days (i.e. November 6, editor's note), we have had no load shedding. The disruptions in the supply of electricity that persist at certain times these days are more due to the transmission network, which is configured so that the supply is interrupted as soon as the slightest overload on the transformers occurs," explains an authorized source at Eneo, the exclusive distributor of electricity in Cameroon.
As a reminder, Globeleq had decided to shut down its Kribi and Dibamba power plants on October 31, 2023, to protest against the accumulation of unpaid bills by Eneo. This subsidiary of the British investment fund Actis has to pay 8.2 billion CFA francs each month to benefit from the energy produced by the Gloebleq power plants. However, faced with permanent cash flow pressures, due to the accumulation of unpaid bills (invoices, tariff compensation, public lighting, etc.) by public entities, Eneo itself is struggling to honour its commitments to its suppliers.
more ...........
https://www.investiraucameroun.com/energie/0911-19960-globeleq-redemarre-ses-centrales-au-cameroun-mettant-fin-a-une-semaine-de-delestages-dans-les-menages-et-entreprises
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karensky got to agree certainly not helped situation
Industrial gas: GDC announces supply cut for industrial clients opposed to 20% price hike
(Business in Cameroon) - Gas supplier Gaz du Cameroun (GDC) is still defying official orders to suspend its price-hiking decision. Indeed, after a meeting held on July 13, 2023, in Yaoundé, the Minister of Commerce Luc Magloire Atangana ordered the suspension of GDC’s plan to increase the price of industrial gas by 20%. In its June and July 2023 invoices to clients, GDC went ahead and applied the 20% price hike, overlooking government orders. It is now threatening to stop supplying industrial companies opposed to the price hike.
In an e-mail sent on August 22, 2023, to the executives of the thirty or so industrial companies it supplies natural gas to in the Douala-Bassa industrial zone, GDC announces the decision will become effective on September 1, 2023. If the companies concerned fail to pay the 20% surcharge on their June and July 2023 invoices, they will have to submit a request for direct negotiation with the gas company. The 20% surcharge demanded by GDC represents the proportion of the tariff increase, since, according to sources close to the matter, industrial companies continue to pay their consumption at the initial tariff in respect of the government’s decision to suspend the price increase unilaterally decided by GDC.
Fruitless negotiations
According to our sources, the discussions held in recent weeks between GDC and the union of industrial gas consumers have proved fruitless with the gas company showing its resolve to implement the price increase despite the government’s order. According to an executive of one of the industrial gas consumers, by seeking direct discussions with each of its customers, the Victoria Oil & Gas subsidiary hopes to create fault lines within the Industrial Gas Consumers Group, which is firmly opposed to the rate hike. The disunity caused could weaken the protesting bloc, we learn.
More.........
https://www.businessincameroon.com/energy/2308-13356-industrial-gas-gdc-announces-supply-cut-for-industrial-clients-opposed-to-20-price-hike
2-05-2023
Gaz du Cameroun increases its tariffs by 20% and increases pressure on industrial production costs
https://www.investiraucameroun.com/energie/2205-19392-gaz-du-cameroun-augmente-ses-tarifs-de-20-et-accentue-la-pression-sur-les-couts-de-production-des-industriels
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31-05-2023
Gaz du Cameroun ordered to postpone the 20% increase in its tariffs for non-compliance with regulations
https://www.investiraucameroun.com/energie/3105-19441-gaz-du-cameroun-somme-de-surseoir-a-la-hausse-de-20-de-ses-tarifs-pour-non-respect-de-la-reglementation
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12-06-2023
Gaz du Cameroun ignores the government's injunction and announces the maintenance of the 20% increase in its prices
https://www.investiraucameroun.com/energie/1206-19482-gaz-du-cameroun-ignore-l-injonction-du-gouvernement-et-annonce-le-maintien-de-la-hausse-de-ses-prix-de-20
At least until we get our own BB back
I think we can hijack this board as not likely to be any posters here?