Cameroon Awards CFA107.3 Million Eneo Performance Audit to Benin’s Erudit-FCG

Cameroon has awarded Beninese consortium Erudit-FCG a CFA107.3 million contract to audit Eneo’s technical performance in 2023. The review will assess whether the former electricity concessionaire met its technical obligations and will provide regulators with a methodology for future audits.

The Ministry of Water and Energy awarded the four-month contract on July 21, 2026. Its value stands at CFA107.325 million including taxes, or €163,616. Excluding VAT, the contract is worth nearly CFA90 million, or €137,204, according to the award decision published by Cameroon’s Public Procurement Regulatory Agency (ARMP).

A World Bank notice published September 12 confirms the award to Erudit SARL and Fiducia Group SARL. It lists a final evaluated price of CFA107.324910 million and a “signed contract price” of €137,204. The Cameroonian award decision clarifies the difference: the first amount includes taxes, while the second excludes VAT.

The company covered by the audit has since undergone a major ownership and corporate change. A May 4, 2026 decree transformed Eneo Cameroon into a wholly state-owned company and renamed it Société camerounaise d’électricité (Socadel). Eneo’s concession agreement, rights, assets, equipment and technical facilities were transferred to the new company.

The audit will therefore focus exclusively on the former concessionaire’s 2023 performance. It will not assess Socadel’s results since the state-owned company was created in May 2026.

Generation, Distribution and Electricity Sales Under Review

The terms of reference cover the three main segments that Eneo operated at the time: electricity generation, distribution and sales. The consultant will compare the company’s results with the indicators and targets established under its concession agreement, review operational processes, analyze performance data and assess the technologies used.

The assignment also includes site visits, working sessions and validation workshops with the regulator. Erudit-FCG must develop a methodology that the Electricity Sector Regulatory Agency (Arsel) can reuse for future audits. The consortium will also train teams from Arsel and the Ministry of Water and Energy in audit and performance assessment techniques.

The contract requires an inception report, progress reports, a training report and a final audit report. The assignment will run for four months from the signing of the contract and notification of the service order. The documents reviewed do not specify the date of that order.

The selection process lasted nearly two years. The call for expressions of interest was launched on September 20, 2024, followed by a shortlist in February 2025. The request for proposals was issued on April 11, 2025, and the contract was awarded on July 21, 2026. Just over 22 months separated the launch of the process from the award decision.

Erudit-FCG Bid Below Mazars-Genex and MRC-Seureca Offers

Erudit-FCG received 96.69 points for its technical proposal and 100 points for its financial offer, for a combined score of 97.35. Its final evaluated price of CFA107.325 million was below the CFA116.872 million offer from the Forvis Mazars Cameroon-Genex Consult consortium and the CFA154.150 million offer from MRC Consultants and Transaction Advisers-Seureca.

The procurement plan for Cameroon’s Power Sector Reform Program initially estimated the audit at $244,300. The assignment receives funding from the IDA 73940 credit granted to Cameroon.

The World Bank approved the program on August 3, 2023, with objectives that include better financial performance and transparency in the electricity sector, as well as greater access to power. By the end of December 2025, $54.38 million had been disbursed from a revised $325.26 million package, equivalent to 16.72% of the total.

At that point, the World Bank rated both progress toward the program’s objectives and implementation as “moderately satisfactory,” while the overall risk level was classified as “substantial.” The Eneo audit addresses an area where the program had fallen behind schedule. As of December 15, 2025, the World Bank still reported a lack of systematic regulatory audits of the performance of Eneo and the National Electricity Transmission Company (Sonatrel).

Under the program, Arsel is expected to publish technical performance audit reports for both operators by December 2027. That indicator was classified as “off-track” at the time.

The Erudit-FCG assignment will provide documented evidence to assess Eneo’s compliance with its technical obligations in 2023. Its scope remains retrospective: the terms of reference do not cover subsequent years or Socadel’s performance since it became a state-owned company in May 2026.

Baudouin Enama