RELEASE : NOTIFICATION OF THE PROPOSED ACQUISITION OF AFRICA-VIA BY AXIAN ENERGY GREEN

Published On - August 26, 2025

Registry ERCA Ongoing Investigations

NOTIFICATION TO THE ECOWAS REGIONAL COMPETITION AUTHORITY RELATING TO THE PROPOSED ACQUISITION OF AFRICA-VIA BY AXIAN ENERGY GREEN, A SUBSIDIARY OF THE AXIAN GROUP

 

Purpose of the notification of the proposed acquisition

The notified transaction concerns the acquisition by Axian Energy Green (“Axian Energy”) of the exclusive control of the company Africa Via, through the acquisition of a majority of its share capital and voting rights from Amos Holding International. This transaction constitutes a concentration subject to the control of the ECOWAS Regional Competition Authority (ERCA) in accordance with Regulation No. C/REG.23/12/21 of 10 December 2021.

The notification of the transaction to the ERCA, with a view to obtaining prior authorisation, is in compliance with the provisions of Article 2 (1) (a) of Regulation C/REG.23/12/21 on procedural rules for mergers and acquisitions within ECOWAS and with Implementing Regulation PC/REX.1/01/24 relating to applicable thresholds for mergers and acquisitions.

 

Presentation of the proposed acquisition

The proposed transaction notified to the ERCA concerns the acquisition by Axian Energy Green of a majority stake in Africa Via. This transaction will result in the transfer of exclusive control of Africa Via to Axian Energy, under the agreement signed with Amos Holding International, which until now held the participations on behalf of its founding shareholders.

 

The parties to the transaction

  • Axian Energy Green, a company incorporated under Mauritian law, is a pan-African player in the energy transition. Already established in Senegal in the petroleum and electricity generation sectors, it aspires to become a major independent power producer on the continent, with the goal of increasing its production in the near future.
  • Africa Via, a company incorporated under Ivorian law, has no operational activity of its own but holds a majority e stake in Kong Solaire SAS. Kong Solaire is developing a strategic project: a 50 MW photovoltaic power plant in Kong, Côte d’Ivoire, scheduled to be commissioned in January 2026.
  • Amos Holding International, the selling entity, holds the participations of Mr. Minkaïala Salami and Ms. Michèle Fresnois Aby in Africa Via.

 

Description and scope of the transaction

Under the agreement concluded in June 2025, Axian Energy will acquire a majority  of the share capital and voting rights of Africa Via. A shareholders’ agreement signed in parallel will confer exclusive control on Axian Energy, enabling it to appoint the president, adopt the business plan and budget, and take all key strategic decisions. Africa Via will thus be owned  by Axian Energy and by Amos Holding International, but will be exclusively managed and controlled by Axian Energy.

 

Objectives of the transaction

For Axian Energy, the transaction represents a key milestone in its continental expansion strategy. It allows the company to enter the Ivorian market, diversify its renewable energy portfolio, and reinforce its ambition to be a leading power producer in Africa. It also forms part of a broader social and environmental responsibility approach, contributing directly to the delivery of clean, inclusive, and sustainable energy.

For Africa Via, Axian Energy’s entry provides access to a partner with solid financial, technical, and organisational resources. This partnership is expected to ensure the completion and effective commissioning of the Kong photovoltaic plant, thereby demonstrating the technical and economic viability of large-scale solar projects in Côte d’Ivoire.

 

Expected outcomes

According to the parties, the transaction is expected to generate the following benefits:

  • Commissioning of a 50 MW solar power plant in Kong, capable of supplying electricity to approximately 238,000 people from 2026 onwards;
  • Diversification of Côte d’Ivoire’s energy mix, contributing to the government’s target of increasing the share of renewable energy to 45% by 2030;
  • Establishment of a reference model likely to attract new financing and expertise to accelerate the development of the solar sector;
  • A positive environmental impact through the reduction of dependence on fossil fuels.

Finally, the parties consider that the transaction would not give rise to any horizontal, vertical, or conglomerate overlap, as the two companies operate in distinct segments and territories within ECOWAS. It would therefore be competition-neutral, as it does not alter the balance of markets in the region.

 

Rights of third parties

In accordance with Article 44 (2) (a) (iv) of the ERCA Investigation and Notification Procedures Manual, third parties are invited to submit their observations within thirty (30) days following the publication of this communication.

These observations, together with any supporting documentation, should be submitted under confidential cover to the following address:

ECOWAS Regional Competition Authority

Bertil Harding, Bijilo, The Gambia

P.O Box 4470

Or electronically at the following addresses: registry@erca-arcc.org and info@erca-arcc.org.