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.
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Cameroonian businessman Paul Fokam’s Afriland First Bank passes $3.6 billion in assets, cementing its lead in Central Africa.
Afriland First Bank says it wants new partners for its Liberia unit, as reports cite a planned capital raise to spur local growth.
Cameroonian banker Paul Fokam plans to open Afriland First Bank subsidiary in Chad, expanding the group’s regional presence.
Cameroonian businessman Paul Fokam’s Afriland First Bank gets Cobac approval to expand into Congo, CAR, and Chad, boosting regional banking reach.
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 deal, signed in Bangui, aims to develop 30,000 hectares for large-scale cassava and sugarcane farming and processing.
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.
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 the majority shareholder of Afriland First Group.
Fokam is one of Africa’s richest men, according to Forbes Afrique.
Fokam is one of Africa’s richest men.
Minority and majority shareholders of the bank’s DRC subsidiary are having it out.
Afriland First Group is further reducing its presence in Africa.
Fokam is one of Africa’s richest men, with a fortune assessed at more than $800 million in 2020.
Fokam is one of the richest men in Africa.