EAU/ELECTRICITE

Article Abstract:

The Soci t de Energie et d'Eaux du Gabon (SEEG) was privatised in June 1997. G n rale des Eaux, the French water branch of the Vivendi group acquired a 51% control of SEEG. The remainder is held by local companies and small shareholders. The president of G n rale des Eaux drew up a positive statement at the end of the first year of privatisation, and stated that the results recorded are in line with the forecasts made during privatisation. The rise in electricity demand was three times greater than planned and emergency measures had to be taken in order to provide service continuity from installations which were operating at capacity. By the end of 1998, investment efforts were made in order to convert emergency measures into more structural actions.

Comment:

Water branch of Vivendi group acquiring 51% stake in Societ de Energie et d'Eaux du Gabon in 6/97

Electric Utilities, Water Supply & Use, Electric Power Generation, Transmission and Distribution, Water Supply and Irrigation Systems, Foreign operations, France, Gabon, Compagnie Generale des Eaux, Societe de Energie et d'Eaux du Gabon

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Important investissement mauricien/

Article Abstract:

Mauritius Telecom (MT) should pay some RMs 4mn to take 50% of the capital of Teleserve, a subsidiary of its Mozambique-based colleague, TDM. The take-over is part of a partnership agreement signed on 26 February 1998 by TDM and the Mauritian telecoms operator. The operation, which is still pending to the absorption of Teleserve's debt by its parent company, will offer a wider range of telecoms services to the Mozambicans.

Comment:

Will pay around MRs4 mil to take 50% of the capital of Teleserve, a subsidiary of its Mozambique-based colleague

Company Planning/Goals, Mauritius, Teleserve (Mauritius), Mauritius Telecom

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Le West Africa Growth Fund investit dans la Sonatel

Article Abstract:

Framlington Asset Management West Africa (Famwa), part of the West Africa Growth Fund, has invested US$ 2.5mn to take a stake in Soci t nationale des tel communications du S n gal (Sonatel), the telecoms operator of Senegal. Sonatel is also controlled by France T l com and Prince Alwaleed from Saudi Arabia. Sonatel emerges as one of the most profitable telecoms operator of Africa, said Famwa's MD.

Comment:

Invests $2.5 mil to take a stake in Societe nationale des tel communications du Senegal, the telecoms operator of Senegal

Senegal, Societe Nationale Des Tel Communications Du Senegal, Framlington Asset Management West Africa

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