Cameroonian billionaire Baba Danpullo's fight with MTN Cameroon drags on
MTN Cameroon's court-frozen cash fell 53% in 2025 as its legal battle with billionaire Baba Danpullo's Bestinver group continued in the courts.
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MTN Cameroon's court-frozen cash fell 53% in 2025 as its legal battle with billionaire Baba Danpullo's Bestinver group continued in the courts.
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.
Cameroon has paused a recovery effort aimed at MTN’s Mobile Money pool account at Afriland, easing pressure in the Danpullo-linked dispute.
President Paul Biya halts Baba Ahmadou Danpullo’s plan to sell his Sodecoton stake, keeping Cameroon’s richest man in the cotton giant.
Bouba is one of the richest businessmen in Cameroon with an empire that has tentacles in food and beverages, retail and property.
This bold move by Foyou is expected to ignite a wave of competition among both multinational and national banks.
Fokam is the majority shareholder of Afriland First Group.
As Cameroon’s richest man, Danpullo continues to play a pivotal role in the country’s economic landscape.
Earlier this year, Danpullo accused First National Bank of orchestrating the misleading seizure and liquidation of his South African properties.
Cameroonian tycoon Samuel Foyou, who is one of the country’s richest men, established Brasaf in 2014 and also owns Fermencam, a distillery.
Fokam is one of Africa’s richest men, with a fortune assessed at more than $800 million in 2020.