Wednesday, Sep 9, 2026
Exclusive insights, data, and analysis for financial market experts.
Request a service
Invest-Time
  • News
  • Topics
    • Mining
    • Project & Performance
    • AfCFTA
    • Sport
    • Startup
    • Telecoms & TIC
    • Tourism
    • Water and Energy
    • Logistics and Transport
    • Agribusiness
    • BTP
    • Business
    • Companies
    • Education & Culture
    • Environment
    • Finance
    • Incentives
    • Industry
    • Infrastructure
  • Media
  • Opinion
  • Focus
  • Institutions
  • Interview
  • Contact
  • Newsletters
  • News
  • Agenda
  • Survey
  • Club Invest For Africa
Reading: High-Voltage ambitions: Prometal secures energy deal to drive Cameroon’s industrial transformation
Share
  • English
  • Français
SUBSCRIBE
  • Africa
  • economy
  • Finance
  • cameroon
  • industry
  • mining
  • Energy
  • invest in africa
  • Our Services »
  • Search fund
  • Market research
  • Business Plan
  • Real estate
  • Sales and distribution
  • Survey
  • Club Invest For Africa
Invest-Time
Subscribe
  • Our Services »
  • Search fund
  • Market research
  • Business Plan
  • Real estate
  • Sales and distribution
  • Survey
  • Club Invest For Africa
  • French
  • News
  • Newsletters
  • Survey
  • Services
  • Agenda
What do you find...
  • Agenda
  • Contact
  • Request services in…
  • Newsletters
  • Survey
  • Topics
    • Interview
    • Agribusiness
    • BTP
    • Data watch
    • Energie
    • Environment
    • Finance
    • Focus
    • Tourism
    • Industry
    • The Guest
    • Focus
    • Media
    • Mining
    • Opinion
    • Incentives
    • Infrastructure
    • Analyses
    • Research and Development
    • Sport
    • Education & Culture
    • Tourism
    • Business
    • Companies
    • Startup
    • Institutions
    • Project & Performance
    • Society
    • Telecommunications & TIC
  • Africa
    • Southern Africa
    • Central Africa
    • East Africa
    • West Africa
    • North Africa
  • More
    • Regional Integration
    • AfCFTA
Already have an account ? Sign In
Follow US
© 2023 Invest-Time. By Afrik-Shine Medias Group. All rights reserved.
Industry

High-Voltage ambitions: Prometal secures energy deal to drive Cameroon’s industrial transformation

Cameroon’s industrial sector has reached a major milestone. The banquet hall of the Krystal Palace Hotel in Douala hosted the official signing ceremony of a contract between the National Electricity Transmission Corporation (Sonatrel) and Prometal Group on Monday, April 7, 2025. The event took place under the high supervision of the Minister of Water and Energy, Mr. Gaston Eloundou Essomba.

By
Aissatou Amirah
Published: 8 April 2025
Last updated: 8 April 2025
5 Min Read
Share
Cameroon: High-Voltage ambitions Prometal secures energy deal to drive Cameroon’s industrial transformation

Follow us on our channel  chaîne Telegram Invest-Time   chaîne WhatsApp Invest-Time chaîne TikTok Invest-Time

This agreement grants Prometal direct access to the high-voltage power grid, through a dedicated 50 MVA transformer substation located in Bassa, Douala.

This substation provides an extraction capacity of 35 MVA, of which 70% is already being consumed by Prometal as of the signing date. Eventually, the group’s energy consumption will rise to 75 MVA at the current site and is expected to reach 175 MVA as part of the ambitious Steel and Metallurgy Cluster planned at the Kribi Deep Sea Port. This is a significant step forward for a company whose monthly energy bill already reaches nearly 1 billion FCFA.

This high-voltage integration reflects a strategic alignment between the growing needs of heavy industry and the modernization of Cameroon’s electricity transmission infrastructure. After the 2022 fire that damaged a Sonatrel transformer and reduced Bassa’s industrial zone capacity to 36 MVA, the installation of the new 50 MVA transformer stands as an answer  to the energy emergency. Prometal took on part of the financial burden required for the installation, demonstrating a strong commitment to public-private partnership.

This new connection also frees up approximately 34 MVA for use by other businesses and households in the industrial zone, significantly reducing the risk of power rationing.

Energy as a driver of industrial development

The Prometal Sonatrel agreement is a model of synergy between private industry and public infrastructure. It highlights the need for public authorities to modernize energy distribution to support industrial champions. By 2030, other companies in metallurgy, agro-industry, and mineral transformation are expected to follow this path.

The Minister of Water and Energy, Gaston Eloundou Essomba, praised the initiative as “an effective public-private partnership model that benefits the national economy,” while Sonatrel’s General Manager, Victor Mbemi Nyaknga, emphasized that “Sonatrel is not just a transporter of electricity, but also a facilitator of industrial development.”

By positioning energy as a strategic lever for industrial development in line with the National Development Strategy 2020–2030 (SND30), the government is not only optimizing corporate production capacities but also increasing the profitability of the energy sector.

Prometal Group: a model industrial journey

Since its creation in 2009, Prometal Group has continued to grow, becoming the leading metallurgy company in Central Africa. Its cumulative investments exceed 130 billion FCFA, spread over five major industrial sites, with more than 320,000 m² of installed surface area, including 95,000 m², and nearly 2,000 direct and indirect jobs created.

Among its key achievements are a 500,000-ton/year electric steel mill for billet production, a modern rolling mill producing 480,000 tons of rebar for a local demand of 260,000 tons, an annual production of 80,000 tons of wire rod, a plant manufacturing 600,000 gas bottles per year, and Cameroon’s first biomass boiler, replacing a gas boiler.

Prometal is not just a produce it innovates, invests in industrial research, and implements a strategy of import substitution in line with the regional ambitions of the African Continental Free Trade Area (AfCFTA).

We have signed several joint ventures, notably with Gabon. The idea is to pool mining and industrial resources to build a coherent regional offer. Our vision is clear: to develop a Made in CEMAC label capable of meeting the demands of the continental market within the AfCFTA framework,

states Hayssam El Jammal, CEO of Prometal Group.

Prometal Group proves that a company’s energy consumption is not a burden but rather a reflection of a high value-added production potential. As the largest private consumer of electricity, the company does more than showcase the rise of heavy industry in Cameroon it embodies its strategic vision, logistical challenges, and above all, its regional growth prospects.

 


Find out more

CONTACT US NOW
TAGGED:AfricacamerooneconomyEnergy

Don't miss any opportunities

Receive all the latest opportunities directly in your inbox.

Please check your inbox or spam folder to confirm your subscription.

Share
Previous Article Africa: the future of AGOA amid the rise in import taxes by Donald Trump Africa: the future of AGOA amid the rise in import taxes by Donald Trump
Next Article Africa: exploring the continent’s dominance in mobile money with 1.1 billion accounts and 74% of global Transactions Africa: exploring the continent’s dominance in mobile money with 1.1 billion accounts and 74% of global Transactions
- Advertisement -
Popular this month
JUST ENERGY TRANSITION IN SENEGAL
Just energy transition in Senegal : less than 650 billion mobilized out of a 1,640 billion FCFA target
Senegal: Super gasoline now 990 FCFA, diesel 755 FCFA as new prices take effect today
Senegal: fuel prices increased again, after a drop last december
Onions in Senegal: import freeze officially lifted
Onions in Senegal: import freeze officially lifted
Marcelle Monkam Siayojie, the Cameroonian at the Helm of Jumia Morocco
Who is Marcelle Monkam Siayojie: the Cameroonian executive who is Jumia Morocco’s new CEO
Rebar: VAT on Local Products Is Six Times Higher in Senegal Than in Gabon
Rebar: VAT on local products is six times higher in Senegal than in Gabon
Senegal Targets 487 Billion FCFA on UEMOA Securities Market in Q3 2026
Dakar aims to mobilize 487 Billion FCFA in two months on the UEMOA securities market
hejun tour

Recommended

Finance Week 2025: Prometal Group wins industrial investment Leadership Award
Finance

Finance Week 2025: Prometal Group wins industrial investment Leadership Award

The group was awarded the Leadership Award for Industrial Investments in CEMAC, recognizing years of commitment to sub-regional industrial development.…

5 Min Read
Dangote Group Plans 2026 IPO: Invest in Naira, Receive Dividends in Dollars
Finance

Nigeria : Dangote refinery to pay US dollar dividends in Lagos IPO

Speaking at an event in Lagos on Thursday, Dangote, president of the Dangote Group, said the company is working with…

2 Min Read
Money laundering : how Senegal restored its image for the investment community
Finance

Senegal launches 2026 public debt offering of 200 billion CFA francs

Financing the 2026 budget and structural reforms . The funds raised through this operation, arranged by investment management and brokerage…

2 Min Read
Gabon: Prometal Group sets up in the Nkok ZIS, a turning point for the country's steel industry
Industry

Gabon: Prometal Group sets up in the Nkok ZIS, a turning point for the country’s steel industry

Prometal Group sets up in Gabon. The project aims to reduce steel imports, create jobs and boost the country's competitiveness…

2 Min Read
invest-time
Central Africa
  • Cameroon
  • Central African Republic
  • Gabon
  • Equatorial Guinea
  • Democratic Republic of Congo
  • Republic of Congo
  • Sao Tome-et-Principe
  • Chad
West Africa
  • Benin
  • Burkina Faso
  • Cape-Verde
  • Ivory Coast
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Niger
  • Nigeria
  • Senegal
  • Sierra Leone
  • Togo
East Africa
  • Burundi
  • Djibouti
  • Eritrea
  • Ethiopia
  • Kenya
  • Ouganda
  • Rwanda
  • Somalia
  • Sudan
  • South Sudan
  • Tanzania
Southern Africa
  • South Africa
  • Angola
  • Botswana
  • Comoros
  • Eswatini
  • Lesotho
  • Madagascar
  • Malawi
  • Maurice
  • Mozambique
  • Namibia
  • Seychelles
  • Zambia
  • Zimbabwe
North Africa
  • Algeria
  • Egypt
  • Libya
  • Morocco
  • Mauritania
  • Middle East
  • Tunisia
Useful links
  • News
  • Contact us
  • Newsletter
  • Monitoring
  • Services
  • Commodities
Others web site of the Group
  • Afrik Shine TV
  • Album Social
  • Sports Team
  • AFrik Shine Medias Group
  • About us
  • Archives
  • Partnership
  • Club Invest For Africa
  • Privacy policy
  • Legal information
  • Cookie Policy
  • Privacy Statement

© 2023 Invest-Time. All rights reserved. By Afrik-Shine Medias Group.

logo invest time logo invest time
Welcome !

Log in

Username or Email Address
Password

Lost your password?

Not a member? Sign Up