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Tecno Entrepreneur Elvis Berlin Mouafo Eyes Downstream Oil Market With Elvi Energy
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Business in Cameroon
Cameroonian entrepreneur Elvis Berlin Mouafo has incorporated Elvi Energy SA to diversify from mobile telecommunications into the downstream petroleum sector.
According to the company's incorporation documents reviewed by Investir au Cameroun, Mouafo participated in the creation of Elvi Energy SA in Yaoundé.
Cameroon has regulated petroleum distribution since the liberalization of the downstream oil sector under a decree issued on Nov. 13, 2000.
They also do not indicate whether Elvi Energy will build its own service station network or rely on partnerships with independent operators.
The creation of Elvi Energy therefore reflects a broader diversification strategy rather than an operational launch.