Globeleq records CFA6.3bn in interest owed by Cameroon
By the AFREEQUE newsroom, based on Investiraucameroun
Power producer Globeleq recorded $10.8 million, or about 6.3 billion CFA francs, in interest in 2025 on receivables linked to the transmission lines of the Kribi and Dibamba power plants. The amounts are owed by the Cameroonian state, and the average effective interest rate remained at 26.3%, according to Globeleq Africa Holdings’ accounts filed in the UK on 20 October 2026.
Globeleq recorded $10.8 million, or about 6.3 billion CFA francs, in interest in 2025 on financial receivables linked to the electricity transmission lines of the Kribi and Dibamba power plants in Cameroon, according to the consolidated accounts of Globeleq Africa Holdings filed with the UK company register on 20 October 2026. The receivables are owed by the Cameroonian state under lease agreements covering transmission infrastructure built for the two projects.
The interest recorded was slightly higher than the $10.7 million booked in 2024. The average implied effective interest rate under the contracts stood at 26.3% in 2025, unchanged from the previous year. Globeleq says this rate represents the financial return used to calculate interest over the life of the contracts, not a penalty for late payments.
As at 31 December 2025, the provision set aside to cover expected credit losses on these receivables stood at $300,000, down from $700,000 a year earlier. The provision therefore fell by $400,000, but this alone does not establish the amount of any repayments made by the Cameroonian government.
