During his meetings with the Prime Minister, Philemon Yang and key government members, Mr Simmonds underlined the importance of existing business relationships in trying to attract more UK investment to Cameroon.
Immediately following Mr Simmonds’ visit the deal was signed for British Company Actis Energy to complete the purchase of the AES stake in Cameroon’s sole electricity distributor. This $220m deal makes ACTIS one of the largest investors in Cameroon. On 23 May ACTIS Chief Executive David Grylls signed the contract with Cameroonian Ministers during an official signing ceremony and press conference.
Besides trade and investment UK’s minister also discussed border security issues with Cameroon’s government members especially the CAR crisis for which Cameroon is host to most of the refugees.