Cameroonian tycoon Paul Fokam moves to launch Afriland First Bank in Chad
Cameroonian banker Paul Fokam plans to open Afriland First Bank subsidiary in Chad, expanding the group’s regional presence.
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Cameroonian banker Paul Fokam plans to open Afriland First Bank subsidiary in Chad, expanding the group’s regional presence.
The group clarified that since the establishment of Afriland First Bank CD in 2005, the lender has never faced a sanction from the tax directorate or any other government institution.
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.
Fokam is one of Africa’s richest men, according to Forbes Afrique.