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Cameroon: Africa50 and Stoa acquire Nachtigal stakes

The Africa50 investment platform announced on 4 December that it has acquired a 15% stake in the 420MW Nachtigal hydroelectric power project, with the Stoa investment vehicle established by the Agence Française de Développement and Caisse des Dépôts acquiring 10% of the International Finance Corporation’s (IFC) stake in the project.

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African Energy Gulf States Newsletter