Cameroonian billionaire Paul Fokam Kammogne's Congolese bank is $117 million in the red
Afriland First Bank RDC has negative equity of $116.9 million four years after Paul Fokam Kammogne's group was pushed out by regulators.
afriland first bank
Cameroonian billionaire Paul Fokam's Afriland opens in Central African Republic
Afriland First Bank, founded by Cameroonian billionaire Paul Fokam, has become the first Cameroonian lender to open in Central African Republic, targeting a largely unbanked market.
Paul Fokam Kammogne built a $690 million banking empire to prove Africa could finance itself
Paul Fokam Kammogne left Cameroon Bank in 1979, earned a PhD in Bordeaux, and built Afriland First Bank into a $3.6 billion institution to prove Africa could finance its own development without foreign banks.
Tycoon Paul Fokam's Afriland First Bank is losing a $116.9 million battle in Congo
Afriland First Bank's Congo unit has $116.9 million in negative equity and its Cameroonian owner says the state took the bank without paying for it.
Cameroonian businessman Paul Fokam’s Afriland tops $3.6 billion in assets
Cameroonian businessman Paul Fokam’s Afriland First Bank passes $3.6 billion in assets, cementing its lead in Central Africa.
Paul Fokam’s Afriland First Bank to open new branches in Central Africa
Cameroonian businessman Paul Fokam’s Afriland First Bank gets Cobac approval to expand into Congo, CAR, and Chad, boosting regional banking reach.
Paul Fokam's Afriland to boost SME financing in Cameroon with $60 million
The move is designed to help close the funding gap faced by local businesses, especially those led by women, and support private-sector growth in the country.
Cameroonian tycoon Paul Fokam’s bank bolsters local economy with $2.7 billion in 2023
The bank further solidified its position as a national market leader with a 19.2-percent market share in deposit collection and a 21.5-percent market share in credit at the close of 2022.
Cameroonian businessman Paul Fokam’s Afriland faces financial accusations in DRC
Minority and majority shareholders of the bank’s DRC subsidiary are having it out.
Cameroonian mogul Paul Fokam’s Afriland exits Uganda over lack of customers
Fokam is one of Africa’s richest men, with a fortune assessed at more than $800 million in 2020.
Cameroonian billionaire Paul Fokam’s Afriland First Bank eyes Chadian market
Fokam is one of the richest men in Africa.
DRC could lose billions from resource deals with Dan Gertler: activists
Publicly available data shows that the DRC already lost $1.95 billion between 2003 and 2021.
Sanctioned Israeli tycoon Dan Gertler linked to tens of millions in transactions at DRC bank
PwC notified Afriland First Bank in the Democratic Republic of Congo of a potential sanctions evasion.