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.
afriland first bank
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.